Healthcare gains jobs in January despite government shutdown

Share
Healthcare gains jobs in January despite government shutdown

The Labor Department said Friday the economy added 304,000 jobs last month, reaching the milestone of 100 straight months of employment gains.

The figure was far in excess of economists' forecasts of 165,000.

The average hourly pay for private sector workers in January was $27.56, up 3.2% year-on-year.

The partial government shutdown could have affected numbers, however.

The gain of 304,000 jobs in January almost doubled consensus (165,000), but significant revisions to the January data seem likely. This is the fastest rate of wage increases in almost a decade.

Just over 55,000 federal employees filed jobless claims during the shutdown, but those employees will have to pay back any benefits after receiving backpay from the government opening back up.

Growth of 100,000 jobs per month is required in the United States to keep pace with growth in the working-age population.

In December, the economy added a revised 222,000 jobs. It jumped to 82.6% from 82.3% for prime working-age persons, the highest since April 2010 The rising prime working-age labor force participation rate suggests that confidence in job-finding prospects remain strong and that the potential labor supply is larger and more elastic than assumed.

USA employers added an average of 223,000 jobs per month in 2018.

Employment in leisure and hospitality grew by 74,000 jobs for the month, with restaurants and bars adding 32,000, while construction added 52,000 workers and hospitals and ambulatory care centers together added about 41,000 net new positions. But the unemployment rate was 4 percent, which was a small hike from the 3.9 percent level in December. This boosted the unemployment numbers, but the federal employees' eventual return to work was not included as new jobs added. Workers have seen a streak of relatively robust gains as employers have had to pay more to attract them.

He stated: "It's also possible that today's strong data will be among the last extremely strong employment reports".

How did the shutdown change the jobs report?

Now, that would definitely hit federal contractors, who make up the biggest segment of those that do government work.

On a monthly basis, from December to January, wages barely rose, though. The unemployment rate ticked up but remains at a level widely considered to be full employment - a sign of a healthy economy.

Yet with unemployment so low and many companies struggling to fill jobs, layoffs might not have been widespread. And the number of people working part time but looking for more work increased a lot last month.

Share

Advertisement

Related Posts

Venezuela opposition rally to keep up pressure on Maduro
Guaido called for a new demonstration on February 12 and said there would be yet another one related to the humanitarian aid. In a letter Guaido urged both presidents to back Venezuela's struggle, saying to remain neutral aligns them with Maduro.

United States places non-immigrant visa restrictions on Ghana
Removals include people ordered to be deported after entering the United States and those denied entry at the border. Government has engaged with the Government of Ghana in both Washington, DC and Accra on this matter.

Windows 10 1903 comes with setup error improvements
It's a small change, but one that provides a much cleaner interface for the user while being informative at the same time. The response from the engineer suggests the issues with Windows 10 seems to be a problem on Microsoft's part.

Nissan scraps plan to build new X-Trail model in Britain
It followed a similar move by Jaguar Land Rover to reduce its 44,000 workforce by 4,500 under plans to make £2.5 billion of cost savings.

Iran announces successful test of long-range cruise missile
Iran said in January its bid to launch a satellite failed after Tehran ignored United States warnings to avoid such activity. It says its missiles are defensive and used for deterrence and rejected talks over its missile programme.

Dance on a sundial, cup of coffee, and dog head in Fortnite
There you'll find a sign in the shape of an oversized cup of coffee accompanied by a flashing neon guitar that's hard to miss. Head to the Dusty Divot diner, specifically the parking lot, and you'll see the caffeinated beast there.

Patrick Mahomes Guarantees Chiefs Will Reach Super Bowl Next Season
The Cleveland quarterback who was selected first overall in the draft, one spot in front of Barkley, earned 21 votes. Los Angeles Rams standout Aaron Donald repeated as AP Defensive Player of the Year.

United States ends all assistance to West Bank and Gaza
The project was run by the Palestinian Centre for Democracy and Conflict Resolution. Defense Department to keep afloat the U.S. security coordinator's office.

Overwatch Gets New Paris Map
That said , two teams will have to capture two point objectives or defend it from their opponents who want to do the same. However, maps typically enjoy a good month or so on the test servers before they are rolled out to the public.

'Toy Story 4' stars share emotional tweets on final recording day
If the movie's cast is any indication, Toy Story 4 is going to be a handsome , emotional final chapter to the Toy Story franchise. Our love of the Toy Story franchise rages on as we continue to see tweets and pictures from the wrapping on Toy Story 4 .

© 2015 ExpressNewsline. All Rights reserved.