The United States added just 49,000 jobs in January, according to data released by the Labor Department Friday—less than half the 100,000 added jobs economists were expecting as the pandemic continues to force layoffs in industries such as retail and hospitality despite gains in white-collar jobs.
The unemployment rate ticked down to 6.3% in January, from 6.7% in December; the metric hit a record high of 14.7% in April.
There are now 10.1 million unemployed people in the United States, compared to 10.7 million in December, the government said; job gains in professional and business services and education helped offset losses in industries including retail, healthcare, transportation, warehousing and hospitality.
Despite the decrease in unemployment, the number of permanent job losers increased to about 3.5 million in January, from 3.3 million in December—about three times prepandemic levels.
Another grim sign of a still-reeling job market, 400,000 Americans left the labor force last month, pushing the labor force participation rate slightly down to about 61.4%.
Of the 7 million people in America who want a job but are not actively seeking employment, about 4.7 million were prevented from looking for work due to the pandemic, the Labor Department said.
January’s report continues to show stark differences in unemployment by race, with minority groups such as Black Americans and Hispanics facing above-average unemployment rates of 9.2% and 8.6%, respectively.
“After contracting in December, the labor market returned to growth in January, as some economic lockdowns eased, which allowed more businesses to stay open,” James McDonald, the CEO of Los Angeles-based Hercules Investments said Friday. “While it’s encouraging to see the economy added jobs in January, we are still far away from pre-Covid-19 employment levels.” Overall, there are still 10 million less jobs than there were before the pandemic.
17.8 million. That’s how many people were still receiving some form of government unemployment benefit last week—shockingly high compared to the 2.1 million total claims filed in the comparable week in 2020, according to weekly data released Thursday. That’s higher than the number of unemployed Americans, due to a startling number of people who’ve dropped out of the labor force because they’re no longer looking for work.
The Congressional Budget Office said Monday that it does not expect employment will reach prepandemic levels until 2024–echoing similar estimates from economists predicting that the labor market recovery will severely lag the broader economic recovery in the years to come. Dallas Federal Reserve President Robert S. Kaplan said Thursday that the next two to three months will remain challenging for the economy even though widespread vaccination efforts should help curb some of the downside economic risks of increased Covid-19 infections.
After an all-night session, the Senate narrowly approved a budget resolution Friday morning that will allow Democrats to move forward on President Joe Biden’s lofty $1.9 trillion stimulus proposal without any Republican backing. It’s likely the package will need to be trimmed down to satisfy some of the more conservative Democrats, but experts, including Vital Knowledge Media Founder Adam Crisafulli, still estimate the resulting bill could total as much as $1.7 trillion and hit President Biden’s desk before the current enhanced federal unemployment benefits expire on March 14. Biden’s plan extends the enhanced benefits of $400 per week through September.
Senate Approves Budget Resolution Paving The Way For Biden’s $1.9 Trillion Stimulus Plan (Forbes)
Another 779,000 Americans Filed For Unemployment Last Week (Forbes) Follow me on Twitter. Send me a secure tip.
I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at firstname.lastname@example.org.
NBC News 5.13M subscribers NBC News’ Steve Patterson shares the stories of Kanisha Mayweather, Stacy Davis and Victor Patterson — three of the millions of unemployed Americans who have faced the pandemic with faith and perseverance since March.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and original digital videos. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations. Connect with NBC News Online! Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC Follow NBC News on Instagram: http://nbcnews.to/InstaNBC Unemployed Americans Still Struggling During pandemic: ‘I Do A Lot Of Praying’ | NBC Nightly News
Calculated Risk: January Employment Report: 49 Thousand Jobs, 6.3% Unemployment Rate http://www.calculatedriskblog.com – TodayA top ranked economics and finance blog with a focus on the housing market…1
Calculated Risk: Comments on January Employment Report http://www.calculatedriskblog.com – TodayA top ranked economics and finance blog with a focus on the housing market…1
Home – Team Techleap.nl techleapsummit.nl – Today[…] Throughout his career, Rutte has been appointed: the State Secretary for Social Affairs and Employment (22 July 2002 to 17 June 2004), a member of the Lower House for the VVD (January 30, 2003 to Ma […] What started as a simple website grew into an innovative employment agency and has been growing fast ever since […]N/A
Internship Program http://www.jcvi.org – Today[…] one month prior to the program start date A “B” average Full-time enrollment (students) or proof of employment for the upcoming school year (educators) Strong interest in a science career Summer internship […] program? To be eligible for the program, you must be a full-time student or educator with proof of employment in the upcoming year […]N/A
Jobs & Careers Center – generic www2.aag.org – Today[…] to provide one-on-one and small-group consultation about careers in a variety of industries and employment sectors […]N/A
Alberta’s jobless rate drops to 10.7 per cent in January | Globalnews.ca globalnews.ca – Today[…] The survey noted that while employment held steady in natural resources, it fell in accommodation and food services […]6
Rutherford County School District – Level 6 Construction Worker ats4.atenterprise.powerschool.com – Today[…] of race, color, religion, sex, national origin, age, or disability in its educational programs or employment policies as required by Titles VI and VII of the Civil Rights Act of 1964, the Equal Pay Act o […]0
Feed Administrator careers.purdue.edu – Today[…] or Canadian driver’s license Additional Information: Purdue will not sponsor employment authorization for this position A background check is required for employment in this position FLSA: Exempt (Not Eligible For Overtime) Retirement Eligibility: Define […]1
Independent Electrical Contractors http://www.ieci.org – Today[…] businesses, to secure legal advice on complex labor law matters; Prohibit arbitration agreements in employment contracts; Infringe on the due process rights of employers; Strip away “secondary boycott […]0
‘People are hurting, and we can fix it’: Biden talks up his aid plan after soft jobs report http://www.marketwatch.com – Today[…] “The soft January US employment report strongly implies that the next round of fiscal aid/stimulus needs to avoid an error on th […]N/A
FTSE 100 and Wall Street both mixed, with Big Tech down but GameStop surging http://www.proactiveinvestors.co.uk – Today[…] Traders appeared to be keeping their powder dry ahead of US employment numbers […] call, in large part because our usual guide during the pandemic—the daily Homebase small business employment numbers—appears unable to capture the huge seasonal drop in employment when the holidays end,” said Ian Shepherdson at Pantheon Macroeconomics […] to point to little change in the official measure but the seasonal factor for January services employment is huge and positive; last year, it added exactly 1,500K to the unadjusted number […]N/A
U.S. House expected to advance Biden’s $1.9 trillion COVID aid package | Law-Order http://www.devdiscourse.com – Today[…] employment growth rebounded less than expected in January and job losses the prior month were deeper tha […]0
Newly Qualified Social Worker socialworkjobs.torbay.gov.uk – Today[…] We commit to providing you with an Assessed and Supported Year in Employment with the emphasis on support […]N/A
OHCHR | EU needs to reinvent itself to win fight against poverty – UN expert http://www.ohchr.org – Today[…] Since the EU has experienced steady economic and employment growth until very recently, the only explanation for this failure is that the benefits have no […]N/A
Systems Administrator (NAVSEA) | iCIMS Social Distribution social.icims.com – Today[…] All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity and sexua […] * A Background Check will be conducted, verifying such information as criminal records, employment and education verifications, etc […]N/A
Peterborough audio electronics company Bryston sold, relocating manufacturing to Muskoka area | Globalnews.ca globalnews.ca – Today[…] “For those who are not able to relocate we will be assisted in finding new employment in Peterborough […]3
Job Details | Blacks in Higher Education http://www.blacksinhighered.com – Today[…] A minimum of three years of employment in a healthcare facility, including a minimum of 160 hours in an ambulatory healthcare settin […] and any other category protected by federal or state civil rights law with respect to all employment, programs and activities sponsored by the Board […]1.6K
Desktop Support Technician Mental Health Center of Denver – Denver – CO – USA http://www.job.net – TodayDesktop Support Technician for Mental Health Center of Denver in Denver, CO USA EMPLOYMENT VALUE PROPOSITION: Mental Health Center of Denver provides you with the support you need to hel […] All qualified applicants will receive consideration for employment, transfer, or promotion opportunities without regard to race, color, religion, gender, gende […]0
Buying into a Franchise? Do you have unclaimed money? mailchi.mp – TodayStay up to date with the McKillop Legal Blog Search for articles of interest to you, your family or your business ESTATE PLANNING | PROBATE & ESTATE ADMINISTRATION TRUSTS | ASSET PROTECTION | RISK MANAGEMENT BUSINESS SUCCESSION | SUPERANNUATION INSOLVENCY & BANKRUPTCY | EMPLOYMENT LAW DEBT RECOVERY | ONLINE BUSINESS TRADEMARKS & INTELLECTUAL PROPERTY COMMERCIAL LAW | DISPUTE RESOLUTION0
EMT Paramedic or LVN Worksite Clinic PRN – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Cas […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Cas […]0
Course Details – Naval War College at NPS – Naval Postgraduate School nps.edu – Today[…] into naval, joint and multinational operations, with particular emphasis on the operational art and employment of the Sea Services […]0
Jobs, Austin FC, Careers http://www.teamworkonline.com – Today[…] Details: It is the policy of Austin FC not to discriminate against any employee or applicant for employment because of race, color, sex, national origin, religion, age, gender, sexual orientation, gende […] All selected candidates are subject to passing a background check prior to employment […]N/A
Registered Nurse RN Worksite Clinic – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Physical […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […]0
HOT JOBS & COOL JOBS: IT FIELD SERVICE TECHNICIAN BEAUMONT TX USA http://www.e-physician.info – Today[…] It is our goal to outperform the competition in the areas of employment, service, and safety […]N/A
Registered Nurse RN Worksite Clinic PRN – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Physical […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […]0
Regional job fair being held virtually in March | Owen Sound Sun Times owensoundsuntimes.com – Today[…] continued A job fair has been held each winter in Owen Sound since 2014 when the city and YMCA Employment Services organized an event at the Lumley-Bayshore […] The organizing committee also includes officials from YM