![\"\"](\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2017\/02\/laborparticipation.jpg\")
<\/p>\nWashington, DC…According to the Bureau of Labor Statistics Nonfarm payroll employment rose by 227,000 in January, and the unemployment rate was little changed at 4.8 percent. Job gains occurred in retail trade, construction, and financial activities. In 2016, job gains averaged 187,000 per month. Incorporating revisions for November and December, which decreased nonfarm payroll employment by 39,000 on net, monthly job gains have averaged 183,000 over the past 3 months.<\/p>\n
<\/p>\n
Retail trade employment rose by 46,000 in January and by 229,000 over the year. Three industries added jobs in January–clothing and clothing accessories stores (+18,000), electronics and appliance stores (+8,000), and furniture and home furnishing stores (+6,000).<\/p>\n
Construction employment rose by 36,000 in January. Employment increased in residential building (+9,000) and continued to trend up among residential specialty trade contractors (+11,000). These residential components have accounted for three-fourths of the 170,000 jobs gained in construction over the past 12 months. <\/p>\n
Financial activities added 32,000 jobs in January. The
\nindustry added an average of 15,000 jobs per month in 2016. Over
\nthe month, gains occurred in real estate (+10,000), insurance
\n(+9,000), and credit intermediation (+9,000). <\/p>\n
Employment growth continued in professional and technical
\nservices (+23,000), in line with the average monthly gain over
\nthe prior year. In January, computer systems design added 13,000
\njobs.<\/p>\n
Employment in food services and drinking places continued
\nto trend up in January (+30,000). The industry has added 286,000
\njobs in the past 12 months.<\/p>\n
Health care employment also continued to trend up in
\nJanuary (+18,000), following a gain of 41,000 in December. Over
\nthe past 12 months, health care has added 374,000 jobs.<\/p>\n
Average hourly earnings of all employees on private nonfarm
\npayrolls rose by 3 cents in January, following a gain of 6 cents
\nin December. Over the past 12 months, average hourly earnings
\nhave risen by 2.5 percent. From December 2015 to December 2016,
\nthe Consumer Price Index for All Urban Consumers (CPI-U)
\nincreased by 2.1 percent (on a seasonally adjusted basis).<\/p>\n
Turning to measures from the survey of households, both the
\nunemployment rate, at 4.8 percent, and the number of unemployed
\npeople, at 7.6 million, remained little changed in January.
\nThere were 1.9 million unemployed people who had been looking
\nfor work for 27 weeks or more, representing 24.4 percent of the
\nunemployed. <\/p>\n
The labor force participation rate rose to 62.9 percent in
\nJanuary, and the employment-population ratio edged up to 59.9
\npercent. Both measures held fairly steady in 2016.<\/p>\n
In January, there were 5.8 million people working part time
\nfor economic reasons (also referred to as involuntary part-time
\nworkers), little changed over the month. <\/p>\n
Among those neither working nor looking for work in
\nJanuary, 1.8 million were marginally attached to the labor
\nforce, down by 337,000 from a year earlier. Discouraged workers,
\na subset of the marginally attached who believed that no jobs
\nwere available for them, numbered 532,000 in January, little
\nchanged from a year earlier. (People who are marginally attached
\nto the labor force had not looked for work in the 4 weeks prior
\nto the survey but wanted a job, were available for work, and had
\nlooked for a job within the last 12 months.)<\/p>\n
Following our usual practice, there were routine annual
\nadjustments to the data from our two surveys. The establishment
\nsurvey data released today reflect the incorporation of annual
\nbenchmark revisions. Each year, we re-anchor our sample-based
\nsurvey estimates to full universe counts of employment,
\nprimarily derived from the Quarterly Census of Employment and
\nWages, which enumerates jobs covered by the unemployment
\ninsurance tax system. The effect of these revisions on the
\nunderlying trend in nonfarm payroll employment was minor.
\n(Additional information about the benchmark revision and its
\nimpact is contained in our news release and on our website at
\nwww.bls.gov\/web\/empsit\/cesbmart.htm.)<\/p>\n
Household survey data for January reflect updated
\npopulation estimates from the U.S. Census Bureau. Again this
\nyear, the impact of the new population controls on the
\nunemployment rate and other ratios was negligible. (Further
\ninformation can be found in our news release and on our website
\nat www.bls.gov\/web\/empsit\/cps-pop-control-adjustments.pdf.)<\/p>\n
In summary, nonfarm payroll employment rose by 227,000 in
\nJanuary, and the unemployment rate was little changed at 4.8
\npercent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington, DC…According to the Bureau of Labor Statistics Nonfarm payroll employment rose by 227,000 in January, and the unemployment rate was little changed at 4.8 percent. Job gains occurred in retail trade, construction, and financial activities. In 2016, job gains averaged 187,000 per month. Incorporating revisions for November and December, which decreased nonfarm payroll employment […]<\/p>\n","protected":false},"author":1,"featured_media":33016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,149,5,1],"tags":[],"class_list":["post-33015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-financial","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2017\/02\/laborparticipation.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/33015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33015"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/33015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/33016"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}