January Employment Numbers, a Sign of a Positive Trend?

The U.S. Bureau of Labor Statistics (BLS) just released January employment results. Unemployment fell by 0.4 percentage points, brining unemployment down to 9 percent. The BLS reported that while unemployed persons decreased by 600,000 to 13.9 million, the labor force remained unchanged. Gains were made in non-farm payroll (+36,000), manufacturing (+39,000) and retail (+28,000) sectors; while this was offset by unemployment driven down in construction (-32,000), and transportation (-38,000), which BLS attributes to severe weather. Other sectors remained unchanged. Among the major work groups, BLS cited unemployment rates as the following:

  • • Adult men (8.8 percent); whites (8.0 percent), and Hispanics (11.9 percent) declined in January.
  • • The unemployment rates for adult women (7.9 percent), teenagers (25.7 percent), and blacks (15.7 percent) were little changed.
  • • The jobless rate for Asians was 6.9 percent, not seasonally adjusted.

While many are citing this as anemic growth, this does represent the second consecutive 0.4 percent decline. The middle income wage bracket ($35,000 to $65,000) that America’s Job Exchange serves still represents the largest growing segment of the labor force, with high growth projections in top sectors we reach, such as professional and business services and healthcare and social assistance. Jobs like technical consulting and computer system design, and working in physician’s offices and as home health care aids, reside on the skills of middle income wage earners like you. We are committed to working with each step on your road to employment and career success. If you’re not registered with us, register today at www.americasjobexchange.com, and take advantage of our free job posting and career tools today.

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