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Market Update : 
Nonfarm Employment Declines 17,000 in January
Author: 123jump.com Staff
123jump.com
Last Update: 9:16 AM EST February 01 2008

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Both nonfarm payroll employment, at 138.1 million, and the unemployment rate, at 4.9%, were essentially unchanged in January, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The small January movement in nonfarm payroll employment -17,000 reflected declines in construction and manufacturing and job growth in health care. Average hourly earnings rose by 4 cents, or 0.2%, over the month.

 
Hourly and Weekly Earnings (Establishment Survey Data)

Average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 4 cents, or 0.2 percent, in January to $17.75, seasonally adjusted. This followed a gain of 7 cents in December. Average weekly earnings fell by 0.1 percent in January to $598.18. Over the year, average hourly earnings rose by 3.7 percent, and weekly earnings rose by 3.4 percent.


Available at:

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