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Fri Feb 5, 2021, 09:42 AM

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000) [View all]

Source: Bureau of Labor Statistics

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)

Economic News Release USDL-21-0158

Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, February 5, 2021

Technical information:
Household data: [email protected] * www.bls.gov/cps
Establishment data: [email protected] * www.bls.gov/ces

Media contact: (202) 691-5902 * [email protected]


THE EMPLOYMENT SITUATION -- JANUARY 2021


The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business services and in both public and private education were offset by losses in leisure and hospitality, in retail trade, in health care, and in transportation and warehousing.

{snip}

The change in total nonfarm payroll employment for November was revised down by 72,000, from +336,000 to +264,000, and the change for December was revised down by 87,000, from -140,000 to -227,000. With these revisions, employment in November and December combined was 159,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. The annual benchmark process also contributed to the November and December revisions.)

_____________
The Employment Situation for February is scheduled to be released on Friday, March 5, 2021, at 8:30 a.m. (ET).

Read more: https://www.bls.gov/news.release/empsit.nr0.htm



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I heard on KYW this morning that an increase of 105,000 jobs was expected.

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Reply Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000) [View all]
mahatmakanejeeves Feb 2021 OP
BumRushDaShow Feb 2021 #1
mahatmakanejeeves Feb 2021 #2
progree Feb 2021 #3
progree Feb 2021 #4
mahatmakanejeeves Feb 2021 #5
mahatmakanejeeves Feb 2021 #6
progree Feb 2021 #7
mahatmakanejeeves Feb 2021 #8