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Home Economy

304,000 Jobs Added in January, Unemployment Rate rises to 4.0 percent

February 1, 2019
Reading Time: 1 min read

Total nonfarm payroll employment grew by 304,000 in January, an increase from last month, according to the Bureau of Labor Statistics. The national unemployment rate rose from 3.9 percent to 4.0 percent.

Private service-providing industries gained 224,000 jobs, led by leisure and hospitality, which added 74,000 jobs.

Goods-producing employment rose by 72,000 jobs during the month, as gains in construction led by adding 52,000 jobs.

The civilian labor force participation rate ticked up to 63.2 percent.

Average hourly earnings rose by 3 cents, settling at $27.56. Over the past year, average hourly earnings have risen by 85 cents, or 3.2%.

Read the BLS release.

Tags: Employment BLSEmployment situation
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Hugo Dante

Hugo Dante

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.

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