Employers Added 157,000 jobs in January
American employers added 157,000 jobs in January compared with a revised 196,000 jobs in December, the Labor Department reported on Friday. The unemployment rate ticked up to 7.9 percent from 7.8 percent.
The industries adding jobs were the retail, construction, health care and the wholesale trade sector. Decreases in government spending, including that for defense, resulted in more loss of jobs in the government sector.
Economists are forecasting job growth of around 170,000 a month for the remainder 2013, comparable to what employers have been adding over the last year.
Leave a Comment
Executive Coaching 