January 2018 employment: US adds 200,000 jobs

February 8, 2018

According to ‘The Employment Situation‘ report released by the U.S. Department of Labor’s Bureau of Labor Statistics, the unemployment rate in the United States remained unchanged at 4.1%, while the economy added 200,000 jobs, in January. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.

Economists polled by Reuters had forecast payrolls rising by 190,000 in December. The economy needs to create 75,000 to 100,000 jobs per month to keep up with growth in the working-age population.

Among the major worker groups, the unemployment rate for Blacks increased to 7.7 percent in January, and the rate for Whites edged down to 3.5 percent. The jobless rates for adult men (3.9 percent), adult women (3.6 percent), teenagers (13.9 percent), Asians (3.0 percent), and Hispanics (5.0 percent) showed little change.

Job growth surged in October and November after being held back in September due to back-to-back hurricanes, which destroyed infrastructure and homes and temporarily dislocated some workers in Texas and Florida.

The change in employment for November 2017 was revised from 252,000 jobs added to 216,000 jobs added while December 2017 was revised from 148,000 jobs added to 160,000 jobs added. With the revisions, employment gains in these two months were 24,000 jobs less than previously reported.

You May Also Like

Check out these additional posts from Mind Your Business.

Significance of PBSA Accreditation in Screening

Jun 13, 2024
In today’s rapidly evolving business landscape, informed hiring choices are paramount. Opting for a background screening firm that upholds rigorous standards of professionalism and integrity, exemplified by PBSA accreditation, is indispensable amid a plethora of options. What is PBSA Accreditation? PBSA, the governing body setting industry benchmarks for background screening firms, grants accreditation following a…
Read More →

Why Are Continuous Background Checks in Employee Management Important?

May 2, 2024
Employee management is a difficult and stressful task for many businesses. But there’s a great tool that keeps workplaces safe, trustworthy, and compliant – ongoing background checks. Let’s take a look at what makes them so helpful, how they work in real life, and why they’re so important for maintaining a secure work environment. What…
Read More →

Choosing the Right Background Check Provider for Continuous Background Checks

Apr 1, 2024
With continuous background checks, the importance of selecting the right provider cannot be overstated. The decision to integrate continuous monitoring into an organization’s processes comes with the responsibility of choosing a background check provider that aligns seamlessly with the unique needs and values of the organization. Let’s explore the key considerations in selecting the ideal…
Read More →

Quality and Precise Results, On Time!

Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.

Contact One of Our Specialists