U.S. ADDS 467K JOBS IN JANUARY, UNEMPLOYMENT RATE RISES TO 4.0%
Total nonfarm payroll employment rose by 467,000 in January as the unemployment rate rose slightly to 4.0%.
Consensus among economists was a gain of 150,000 jobs.
Nonfarm employment is down by 2.9 Million, or 1.9%, from pre-pandemic levels in February 2020.
Employment in leisure and hospitality added 151,000 jobs, professional and business services increased by 86,000, retail trade rose by 61,000, and transportation and warehousing increased by 54,000 in January.
Manufacturing and construction employment were little changed in January.
In January, average hourly earnings for all employees on private nonfarm payrolls increased by 23 cents to $31.63.
The average workweek for all private employees fell by 0.2 hours to 34.5 hours in January.
The labor force participation rate held at 62.2% in January.