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How to Save Job Report 2020

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In today's discussion, economist Anthony Champ reflects on the recent jobs report, indicating that the strong numbers suggest the economy is performing well. He acknowledges the uncertainty regarding potential weaknesses, particularly with concerns about China that might impact the U.S. economy. Despite the positive employment data, Champ notes that the bond market remains cautious, as evidenced by the behavior of the 10-year yield. He hints at the possibility of the Federal Reserve acting if economic conditions worsen. Additionally, he mentions variations in job growth across different sectors, attributing part of the performance to unusually warm weather.

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How many jobs did the US add in January?

The January jobs report showed nonfarm payrolls increased by 517,000, far higher than the 187,000 market estimate. The unemployment rate fell to 3.4% versus the estimate for 3.6%. That is the lowest jobless level since May 1969. Leisure and hospitality added 128,000 jobs to lead all sectors.

What did bls jobs report in January 2022?

Employment up by 467,000 in January 2022, down by 2.9 million since February 2020. Total nonfarm payroll employment increased by 467,000 in January 2022. Employment growth continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing.

What was the US jobs report Jan 2020?

Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, ing to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate.

What was the unemployment rate January 1 2020?

The national unemployment rate, 3.6 percent, was little changed over the month but was 0.4 percentage point lower than in January 2019. Nonfarm payroll employment increased in 12 states in January 2020 and was essentially unchanged in 38 states and the District of Columbia.

What was January US jobs report?

The U.S. Bureau of Labor Statistics (BLS) released its jobs report for January 2023, and the numbers were surprisingly high. The U.S. added 517,000 nonfarm payroll jobs in January, more than doubling economists estimates. The unemployment rate fell to 3.4%, its lowest level since 1969.

How many people quit their jobs in 2020?

Even so, these are still incredibly historic numbers, given that the peak number of resignations in 2020 was 3.4 million. From 2019-2021, the monthly quit rate has fluctuated between 2-3%.

Is the government still paying people not to work?

Federal unemployment benefit programs under the CARES Act ended on September 4, 2021.

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