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U.S.Economy: 
January Unemployment Rate Falls to 9.7%
Author: 123jump.com Staff
123jump.com
Last Update: 9:25 AM ET February 05 2010


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January unemployment fell from 10% to 9.7%, non-farm payroll employment essentially unchanged (20,000). The largest job losses were in construction, transportation and warehousing sectors. The number of long term unemployed increased in the month to 6.3 million.

 
Health care employment continued to trend up in January. Ambulatory health care services added 15,000 jobs over the month.

In January, the federal government added 33,000 jobs, including 9,000 temporary positions for Census 2010. Employment in state and local governments, excluding education, continued to trend down.

This release includes a new establishment survey table with information about women employees. In January, women made up 49.9 percent of total nonfarm payroll employment, compared with 48.8 percent when the recession began in December 2007. (See table B-5.)

Also new in this release are data on hours and earnings for all employees in the private sector. The average workweek for all employees on private nonfarm payrolls was up by 0.1 hour to 33.9 hours in January. The manufacturing workweek for all employees rose by 0.3 hour to 39.9 hours, and factory overtime increased by 0.1 hour over the month. Since June, the manufacturing workweek has increased by 1.2 hours. In January, the average workweek for production and nonsupervisory employees on private nonfarm payrolls rose by 0.1 hour to 33.3 hours. (See tables B-2 and B-7.)

In January, average hourly earnings of all employees on private nonfarm payrolls increased by 4 cents, or 0.2 percent, to $22.45. Over the past 12 months, average hourly earnings have risen by 2.0 percent. In January, average hourly earnings of private production and nonsupervisory employees rose by 5 cents, or 0.3 percent, to $18.89. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for November was revised from 4,000 to 64,000, and the change for December was revised from -85,000 to -150,000. Monthly revisions result from additional sample reports and the monthly recalculation of seasonal factors. The annual benchmark process also contributed to these revisions.

Available at:

http://www.bls.gov/news.release/empsit.nr0.htm
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