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Well-known
The U.S. economy added 130,000 jobs in January, more than twice as many as expected, and the unemployment rate fell to 4.3 percent, the Labor Department said Wednesday.
Economists had expected 55,000 jobs, although the range of forecasts was particularly wide, with some analysts predicting between zero jobs and 130,000. The unemployment rate was forecast to remain steady at 4.4 percent. The report was delayed a few days by the partial government shutdown.
The jobs growth came entirely from the private sector, which added 172,000 jobs. The federal government’s payrolls contracted by 34,000 while state and local government employment shrank by 8,000.
Construction added 33,000 in January and manufacturing employment climbed by 5,000. Durable goods manufacturing added 9,000 jobs and nondurables shrank by 4,000. The private sector’s services side added 136,000 jobs, primarily in the health and social services sector. Professional and business services added 34,000. Retail added 1,200 jobs.
www.breitbart.com
Economists had expected 55,000 jobs, although the range of forecasts was particularly wide, with some analysts predicting between zero jobs and 130,000. The unemployment rate was forecast to remain steady at 4.4 percent. The report was delayed a few days by the partial government shutdown.
The jobs growth came entirely from the private sector, which added 172,000 jobs. The federal government’s payrolls contracted by 34,000 while state and local government employment shrank by 8,000.
Construction added 33,000 in January and manufacturing employment climbed by 5,000. Durable goods manufacturing added 9,000 jobs and nondurables shrank by 4,000. The private sector’s services side added 136,000 jobs, primarily in the health and social services sector. Professional and business services added 34,000. Retail added 1,200 jobs.
Trump Boom: America Added 130,000 Jobs in January—More Than Twice As Many As Expected
The U.S. economy added 130,000 jobs in January, more than twice as many as expected, and the unemployment rate fell to 4.3 percent, the Labor Department said Wednesday. | Economy
www.breitbart.com
