Job Report in US, January 2016 – American employers eased up on the gas

Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining.

Household Survey Data

Both the number of unemployed persons, at 7.8 million, and the unemployment rate, at 4.9 percent, changed little in January. Over the past 12 months, the number of unemployed persons and the unemployment rate were down by 1.1 million and 0.8 percentage point, respectively.

Chosen excerpts by Job Market Monitor. Read the whole story at Employment Situation Summary

American employers eased up on the gas last month, but still added jobs at a healthy enough pace to help calm fears that the economy is on the verge of falling into a recession.

Source: U.S. Economy Added 151,000 Jobs in January; Unemployment at 4.9% – The New York Times