BLS Releases January 2017 Employment Situation (May 2017)
The U.S. economy continued to create jobs at a modest pace in September, according to the Bureau of Labor Statistics. Employers added 227,000 nonfarm payroll jobs in January of 2017. The unemployment rate was little changed at 4.8 percent.
Job gains occurred in retail trade, construction, and financial activities. The number of jobs in retail trade increased by 46,000 over the month, while construction added 36,000 jobs and financial activities added 32,000 jobs.
Job growth in December 2016 was revised to 157,000, up from initially estimated 156,000. Over the past three months, job growth has averaged 183,000 additions a month.
Average hourly earnings rose by three cents to $26.00, following a six-cent increase in December. Over the year, average hourly earnings have risen 2.5 percent.
The full BLS press release on the January 2017 employment situation can be accessed in the link below.
The next employment situation report for February 2017 will be released on Friday, March 10, 2017.