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Net New Jobs Equals 257,000
Tuesday, February 10, 2015 6:30 AM

The U.S. Bureau of Labor Statistics on Feb. 6, 2015, reported that total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate was little changed at 5.7 percent. Job gains occurred in retail trade, construction, health care, financial activities, and manufacturing.

The number of unemployed persons, at 9.0 million, was little changed in January.

Among the major worker groups, the unemployment rate is:

  • Adult men: 5.3 percent
  • Adult women: 5.1 percent
  • Teenagers: 18.8 percent
  • Asians: 4.0 percent
  • Blacks: 10.3 percent
  • Hispanics: 6.7 percent
  • Whites: 4.9 percent

In January, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 2.8 million. These individuals accounted for 31.5 percent of the unemployed.

The civilian labor force rose by 703,000 in January. The labor force participation rate rose by 0.2 percentage point to 62.9 percent.

Total employment, as measured by the household survey, increased by 435,000 in January, and the employment-population ratio was little changed at 59.3 percent.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged in January at 6.8 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.

In January, 2.2 million persons were marginally attached to the labor force, down by 358,000 from a year earlier. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Job gains occurred in retail trade, construction, health care, financial activities, and manufacturing.

Employment in retail trade rose by 46,000 in January. Three industries accounted for half of the jobs added:

  • sporting goods, hobby, book, and music stores (+9,000)
  • motor vehicle and parts dealers (+8,000)
  • non-store retailers (+6,000)

Construction continued to add jobs in January (+39,000). Employment increased in both residential and nonresidential building (+13,000 and +7,000, respectively). Employment continued to trend up in specialty trade contactors (+13,000).

In January, health care employment increased by 38,000. Job gains occurred in offices of physicians (+13,000), hospitals (+10,000), and nursing and residential care facilities (+7,000).

Employment in financial activities rose by 26,000 in January, with insurance carriers and related activities (+14,000) and securities, commodity contracts, and investments (+5,000) contributing to the gain.

Manufacturing employment increased by 22,000 over the month, including job gains in motor vehicles and parts (+7,000) and wood products (+4,000).

Professional and technical services added 33,000 jobs in January, including increases in computer systems design (+8,000) and architectural and engineering services (+8,000).

In January, employment in food services and drinking places continued to trend up (+35,000).

Employment in other major industries, including mining and logging, wholesale trade, transportation and warehousing, information, and government, showed little change over the month.

 

Bureau of Labor Statistics, 6 February 2015