Published: Mon, February 04, 2019
Money | By Arnold Ball

US Unemployment Rises To 4%, January Payroll Blows Away Estimates

US Unemployment Rises To 4%, January Payroll Blows Away Estimates

Federal workers furloughed during the shutdown were counted as employed because the Labor Department says they worked or received pay for the period surveyed.

December's surprisingly strong report was revised down from 312,00 jobs to a more modest, but still strong, 222,000 jobs. He started seeing more sustained improvements in his last couple of years after an unusually sluggish recovery that began with the Great Recession of 2007.

The December jobs report was a series of numbers that range from fantastic to fantastical.

Roughly 350,000 federal employees were furloughed during the shutdown. Some employers are still reluctant to offer higher pay, which has made it harder for them to find and keep workers, she said. The BLS noted that there was an increase in the unemployment rate as laid-off federal workers filed for benefits. This suggests that the measured number of unemployed will fall in February, lowering the unemployment rate below 4%. But because these workers will eventually receive back pay, they were counted as employed in the survey of businesses that produces the monthly job gain. The remaining 1.2 million persons marginally attached to the labor force in January had not searched for work for reasons such as school attendance or family responsibilities. A half-million more Americans were working part-time, for a total of 5.1 million.

The US economy created 304,000 jobs in January, solidly beating expectations amid the federal government shutdown. The report from top to bottom is very, very solid, top-line number beat.

The shutdown ended last Friday after Trump and Congress agreed to temporary government funding, without money for his U.S. -Mexico border wall. (Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months.

Russians leaked Mueller investigation evidence online, prosecutors say
Dubelier, of Reed Smith in Washington, declined to comment on the Mueller filing, as did Mueller spokesman Peter Carr. The FBI has found no evidence that US government servers, including ones used by Mueller's office, had been hacked.

China's economy is decelerating sharply and Italy's economy has entered recession, exacerbating fears that slower global growth will cut into USA exports.

Average workers' wages kept growing, with hourly earnings for non-managers rising 3.4 percent from the year before. That continues to outpace inflation, which stands at about 2 percent.

It's worth noting that, by the end of January, weekly jobless claims had popped to their highest level since September 2017, although unemployment claims trickled to a 49-year low. "Nearly all of this increase occurred in the private sector and may reflect the impact of the partial federal government shutdown", it said.

In the United States, jobs have now grown for a record 100 consecutive months, dating back to October 2010.

Yet strong hiring should boost household incomes, fueling more consumer spending, which would help drive economic growth.

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