Friday, February 7, 2014

January Unemployment Falls To 6.6%, Employment Growth Slows Nearly 42% From 2013 Average

The BLS reports here:

Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in construction, manufacturing, wholesale trade, and mining. Both the number of unemployed persons, at 10.2 million, and the unemployment rate, at 6.6 percent, changed little in January. Since October, the jobless rate has decreased by 0.6 percentage point. ... Total nonfarm payroll employment increased by 113,000 in January. In 2013, employment growth averaged 194,000 per month.