January’s modest job gains should be enough to sustain steady U.S. growth amid global challenges to the economic outlook, according to the latest U.S. jobs numbers.
The job count increased by 151,000 in January after three prior months of strong job gains averaging about 280,000 jobs per month. The unemployment rate edged lower to 4.9%.
January’s letup was a result of fewer jobs in three sectors: transportation/warehousing/utilities, government, and household-related services. This was in addition to ongoing weakness in energy-related industries.
See the table summary for more detail.
The best prospects by industry are currently in construction (especially specialty trades) and restaurants/food service. Prospects also remain good—despite slowing in January—in health care, and in various professional and business fields. Retail jobs showed improving opportunity in January.
- See the last look at state and local job trends at this link.
Copyright © 2016 MacroSavvy LLC. All Rights Reserved