US economy adds 151,000 jobs in January – Move To America
Home / News / US economy adds 151,000 jobs in January

US economy adds 151,000 jobs in January

31646853_sThe US economy added 151,000 jobs in January, pushing the country’s unemployment rate down to 4.9%. The January figures follow seasonally adjusted job growth of 262,000 in December and 280,000 in November.

Average wages jumped 2.5 percent over the past year to $25.39 an hour, evidence that the past years of job growth are helping to generate larger pay raises.

The income growth meshes with retailers hiring a seasonally adjusted 57,700 workers. Restaurants and bars added 48,800 jobs in a sign of robust consumer demand.

Retailing saw the highest number of jobs created in January, at 58,000, with healthcare adding 37,000 and manufacturing 29,000.

The U.S. construction industry’s unemployment rate declined to a 17-year low of 8.5 per cent in January as firms added 18,000 workers in the month.

Construction employment totalled 6,615,000 in January, the most since December 2008, and is up by 264,000 jobs compared to a year ago, a 4.2 per cent increase.

Start working in the U.S 
Apply Now

Leave a Reply

Your email address will not be published. Required fields are marked *