U.S. economy adds 304,000 jobs in January

U.S. economy adds 304,000 jobs in January

The unemployment rate increased to 4%, however, as more people entered the labor force.

The recent partial government shutdown was expected to push down jobs gains before the report came out. Among the unemployed, the number who reported being on temporary layoff increased by 175,000. While employment grew, hourly wages dipped lower than usual with a 0.1% increase, less than the predicted 0.3% estimate. The central bank, which raised rates four times a year ago, did not raise rates and cited "global economic and financial developments" and low US inflation as reasons to be patient before changing rates again.

The labor force participation rate continued to defy expectations, rising for the second consecutive month to 63.2% from 63.1%.

MARTIN: So explain how it seems to indicate that the government shutdown, which affected 800,000 federal workers, that had virtually no effect on the job market.

St. Louis Fed President James Bullard on Friday defended the central bank's policy stance, telling CNBC that the jobs numbers were backward looking, and Dallas Fed chief Robert Kaplan called the payrolls report "noisy", pointing to a sharp rise in part-time jobs. That was a sharp turnaround from January, when Fed policymakers forecast two additional hikes for this year. Some employers are still reluctant to offer higher pay, which has made it harder for them to find and keep workers, she said.

Among the marginally attached, there were 426,000 discouraged workers in January, little different than a year earlier. But since Congress agreed to pay these workers retroactively, they were employed.

The number of employees working part-time for economic reasons spiked in January.

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Despite forecasts of a further 170,000 jobs, the USA labour market gained 304,000 in January, according to non-farm payroll employment figures. The government itself also spent less.

Employment in leisure and hospitality rose by 74,000. Within the industry, job gains occurred in food services and drinking places (+37,000) and in amusements, gambling, and recreation (+32,000).

The service-providing sector added a massive 224,000 jobs.

Construction employment rose by 52,000. The establishment survey polls firms for the pay period that includes the 12 day of the reference month, while the household survey polls households for the week including the 12 of the month.

Though Jacumin, 42, and her husband both have Navy pensions, her new job has provided much-needed income and health insurance.

Overall, healthcare employment increased by 368,000 jobs over the past year, according to the bureau. That was less than the blockbuster 312,000 first reported, and it followed the revised 176,000 jobs added in November.

In retail trade, employment ticked higher by 21,000, with growth in sporting goods as well as miscellaneous store and non-store retailers.

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