Unemployment rises in January

The U.S. unemployment rate rose from 4.7 percent in December 2016 to 4.8 percent in January as U.S. employers added 227,000 jobs, according to The Washington Post. Economists were expecting to add 175,000 jobs.

Additionally, November 2016 and December 2016 employment gains were revised down by 39,000; November 2016 employment gains were revised down from 204,000 to 164,000, and December 2016 employment gains were revised up from 156,000 to 157,000.

In January, the retail sector added 46,000 jobs; construction sector added 36,000 jobs; financial activities sector added 32,000 jobs; professional and business services sector added 23,000 jobs; and health care sector added 18,000 jobs.

The manufacturing, transportation and warehousing, leisure and hospitality, retail and government sectors basically were unchanged.

There currently are 7.6 million unemployed people in the U.S.

Date : 2/6/2017


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