Employment Rises 467,000 in January

By Staff Writer February 07, 2022 645

The unemployment rate was unchanged at 4.0 percent and total nonfarm payroll employment rose by 467,000 in January, the U.S. Bureau of Labor Statistics reported. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing.

Both the unemployment rate, at 4.0 percent, and the number of unemployed persons, at 6.5 million, changed little in January. Over the year, the unemployment rate is down by 2.4 percentage points, and the number of unemployed persons declined by 3.7 million.

In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5 percent, and unemployed persons numbered 5.7 million.

Among the major worker groups, the unemployment rates for adult men (3.8 percent) and Whites (3.4 percent) edged up in January. The jobless rates for adult women (3.6 percent), teenagers (10.9 percent), Blacks (6.9 percent), Asians (3.6 percent), and Hispanics (4.9 percent) showed little or no change over the month.

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Last modified on Monday, 07 February 2022 00:46