Economy Gains 49,000 Jobs in January; Unemployment Down to 6.3%

Economy Gains 49,000 Jobs in January; Unemployment Down to 6.3%

Bureau of Labor Statistics

The U.S. economy gained 49,000 jobs in January, and the unemployment rate fell to 6.3%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics.

In response to the January job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in professional and business services (+97,000), local government education (+49,000), state government education (+36,000), private education (+34,000), wholesale trade (+14,000) and mining (+9,000). The biggest losses were in leisure and hospitality (-61,000), retail trade (-38,000), health care (-30,000), transportation and warehousing (-28,000), manufacturing (-10,000) and construction (-3,000). Employment in other major industries, including information, financial activities and other services, showed little change in January.

In January, the unemployment rates decreased for teenagers (14.8%), Black Americans (9.2%), Hispanics (8.6%), adult men (6.0%), adult women (6.0%) and White Americans (5.7%). The unemployment rate for Asians (6.6%) rose slightly.

The number of long-term unemployed workers (those jobless for 27 weeks or more) barely changed in January and accounted for 39.5% of the total unemployed.

Kenneth Quinnell
Fri, 02/05/2021 – 16:39

Updated: February 10, 2021 — 11:06 pm