U.S. Economy Adds 304K Jobs in January
Friday, February 01, 2019
“Best January for the DOW in over 30 years. We have, by far, the strongest economy in the world,” wrote President Donald Trump on Twitter.
The economy has added an average of 241,000 jobs a month since November, while employment gains in 2018 were the best that they have been in three years.
Companies that provide leisure and hospitality like hotels, restaurants, gambling, recreation, and others added 74,000 jobs in the month.
Meanwhile, construction firms took on 52,000 new workers, healthcare providers added 42,000 workers and transportation and delivery companies added 27,000.
Retailers added 21,000 jobs.
Unemployment and Wages
While jobs were added, the U.S. unemployment rate rose from 3.9% to 4% in January.
According to the Labor Department, the government shutdown did not adversely impact the higher jobless rate.
The average wage paid to American workers went up three cents to $27.56 an hour
- The Future of Portland’s Shared Economy
- The Food Industry’s Impact on Portland’s Economy: See The Numbers
- Study Finds Green Economy Outpacing Traditional Economy
- U.S. Economy Adds 160,000 Jobs in April
- U.S. Economy Adds 312,000 Jobs in December
- We Can Revitalize the Forest Economy, But Not Like This
- US Economy Adds Roughly 292,000 Jobs in December
- Portland’s Export Economy Hailed as National Leader
- Portlanders Quitting Their Jobs is a Good Sign for the Economy
- Drone Economy Could Bring Jobs, Investment to Oregon
- 7 Oregon Breweries Pledge Support To Clean Energy Economy
- Gov. Brown Creates Eco-friendly System to Boost State Economy
- How The Sharing Economy Helps Lower-income Residents
- Oregon University Research’s Multi-Billion Benefit to the State’s Economy and Society
- Is Oregon’s Poor Education Rankings Affecting Oregon Economy?
- 11 Charts Show How Falling Oil Prices Have Changed the Economy