Written By ESR News Blog Editor Thomas Ahearn
Private sector employment in the United States increased by 257,000 jobs in January while the unemployment rate ticked up to 5.7 percent, according to ‘THE EMPLOYMENT SITUATION — JANUARY 2015’ jobs report released by the U.S. Department of Labor’s Bureau of Labor Statistics. The most recent jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
The January 2015 jobs report revealed the number of unemployed persons rose to 9.0 million. After incorporating revisions for November and December, monthly job gains averaged 336,000 over the past three months.
The jobs report for January 2015 found employment increased in retail trade, construction, health care, professional and technical services, financial activities, and manufacturing. Among specific industries, the jobs report found:
- Retail trade employment in rose by 46,000 jobs in January.
- Construction employment added 39,000 jobs in January. Over the prior 12 months, construction had added an average of 28,000 jobs per month.
- Health care employment increased by 38,000 jobs in January. Health care added an average of 26,000 jobs per month in 2014.
- Food services and drinking places employment added 35,000 jobs in January. In 2014, the industry added an average of 33,000 jobs per month.
- Professional and technical services employment added 33,000 jobs in January.
- Financial activities employment in rose by 26,000 jobs in January and has added 159,000 jobs over the past 12 months.
- Manufacturing employment increased by 22,000 jobs over the month. Over the past 12 months, manufacturing has added 228,000 jobs.
The jobs report also showed that employment in other major industries including mining and logging, wholesale trade, transportation and warehousing, information, and government, showed little change over the month.
In addition, the jobs report found the change in total nonfarm payroll employment for November was revised from 353,000 jobs added to 423,000 jobs added while the change for December was revised from 252,000 jobs added to 329,000 jobs added. With these revisions, employment gains in November and December combined were 147,000 more than previously reported.
The February 2015 jobs report is scheduled to be released on March 6, 2015.
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