Written By ESR News Blog Editor Thomas Ahearn
The U.S. economy added 200,000 jobs in January 2018 while the unemployment rate remained unchanged at 4.1 percent for the fourth consecutive month, according to the jobs report released by the U.S. Department of Labor’s (DOL) Bureau of Labor Statistics (BLS).
The jobs report for January 2018 revealed the number of unemployed persons rose slightly to 6.7 million during the month, while employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. Here is a breakdown of the industry sectors:
- Construction employment added 36,000 jobs in January and increased by 226,000 jobs over the year.
- Food services and drinking places employment added 31,000 jobs in January and added 255,000 jobs over the past 12 months.
- Health care employment increased by 21,000 jobs in January and added an average of 24,000 jobs per month in 2017.
- Manufacturing employment rose by 15,000 jobs and added 186,000 jobs over the past 12 months.
Employment in other major industries including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, professional and business services, and government changed little over the month, according to the jobs report.
The change in employment for November 2017 was revised from 252,000 jobs added to 216,000 jobs added while December 2017 was revised from 148,000 jobs added to 160,000 jobs added. With the revisions, employment gains in these two months were 24,000 jobs less than previously reported.
The jobs report is usually released on the first Friday of every month. The Employment Situation for February 2018 is scheduled to be released on March 9, 2018. Until then, the most recent jobs report is available at www.bls.gov/news.release/empsit.nr0.htm (PDF).
Jobs Report Shows Employers Are Hiring
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