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Aug 6th, 2022
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How to Search Job Report 2020

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- Theres been a lot of press coverage about people quitting their jobs. Well, todays report tells you why. - [Josephine] Here, President Biden is referring to the Labor Departments monthly jobs report, a key gauge of American employment and inflation. The report can move trillions of dollars in market trades and influence policy decisions, like interest rates at the Federal Reserve. But the report still has its limits. - There are some things that the jobs report just doesnt include. And because of that, were not getting a complete picture of the US jobs market. - [Josephine] Heres what you need to know to read the monthly jobs report, including what it tells you, and what it doesnt. The report, which is normally released on the first Friday of the month, gives a look at the current state of the economy. And while economists read it in depth, there are four key areas that they tend to focus on. Non-farm payrolls, often simply referred to as jobs, shows the number of positions a

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U.S. jobs report today: Economy added 517,000 jobs despite recession risk; unemployment fell to 3.4% Employers added a booming 517,000 jobs in January as hiring unexpectedly surged despite high inflation, rising interest rates and the prospect of a weakening economy.
COVID-19 and the State Economy EmploymentJan 2019Jan 2020Farm347,600357,800Total Nonfarm17,143,50017,433,600Mining Logging21,80022,10021 more rows
Fridays jobs report showed a slowing pace of wage growth even as employment levels climbed back up to a 50-year high a sign that the Fed is breaking the back of inflation and that consumer prices will continue their five-month downward slide.
Januarys U.S. jobs report was stunning all around. Nonfarm payrolls increased by 517,000 for the month, shattering analysts estimate of 187,000. Unemployment rate fell to 3.4%, the lowest since May 1969.
(See Summary table A.) Total nonfarm payroll employment rose by 517,000 in January, compared with an average monthly gain of 401,000 in 2022. Job growth was widespread in January, led by gains in leisure and hospitality, professional and business services, and health care.
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.
Job growth in professional and business services averaged 63,000 per month in 2022. Government employment increased by 74,000 in January. Employment in state government education increased by 35,000, reflecting the return of university workers after a strike. Health care added 58,000 jobs in January.
Every month, the Bureau of Labor Statistics releases a report on the employment situation for the previous month.

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