US Bureau of Labor Statistics Employment Situation Clear
The Latest on the January Employment Situation
Exciting news for the US labor market: the January Employment Situation report, released today by the US Bureau of Labor Statistics (BLS), is in and it’s looking positive! The report shows a rise of +353,000 in total nonfarm employment on a seasonally adjusted basis. And while temporary help services employment only saw a small increase of +3,900 jobs, it’s still a step in the right direction.
The report also reveals that all but one industry group experienced employment growth, with Health and social assistance, Professional services (excluding temporary help), and Retail trade leading the way. The only sector to see a decline was Natural resources and mining, with a decrease of -6,000.
Revisions by the BLS show even more encouraging numbers. The change in total nonfarm payroll employment for November was revised up by 9,000, and December was revised up by a whopping 117,000. These revisions mean that employment in November and December combined is 126,000 higher than previously reported.
While the month-over-month changes in temporary help services employment were initially thought to be negative, the BLS has since revised them to show a small increase in