Total nonfarm payroll employment rose by 130,000 in January, and the unemployment rate changed little at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, social assistance, and construction, while federal government and financial activities lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. Household Survey Data – Both the unemployment rate, at 4.3 percent, and the number of unemployed people, at 7.4 million, changed little in January. These measures are higher than a year earlier, when the jobless rate was 4.0 percent, and the number of unemployed people was 6.9 million. Among the major worker groups, the unemployment rate for teenagers declined to 13.6 percent in January. The jobless rates for adult men (3.8 percent), adult women (4.0 percent), and people who are White (3.7 percent), Black (7.2 percent), Asian (4.1 percent), or Hispanic (4.7 percent) showed little change over the month. The number of long-term unemployed (those jobless for 27 weeks or more) changed little in January at 1.8 million but is up by 386,000 from a year earlier. The long-term unemployed accounted for 25.0 percent of all unemployed people in January. Both the labor force participation rate, at 62.5 percent, and the employment-population ratio, at 59.8 percent, changed little in January. These measures have shown little change over the year. The number of people employed part time for economic reasons decreased by 453,000 to 4.9 million in January but is up by 410,000 over the year. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs. In January, the number of people not in the labor force who currently want a job decreased by 399,000 to 5.8 million. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. Among those not in the labor force who wanted a job, the number of people marginally attached to the labor force changed little at 1.7 million in January. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, also changed little at 475,000 in January.
The Employment Situation (02-11-26)
- Economic Monthly Summaries, The Employment Situation
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