In January, the economy added 36,000 jobs, after a revised increase of 121,000 in December (previously reported: +103,000 jobs). The January reading presented a mixed picture for private sector analysts, as the payrolls gain was below expectations but the unemployment rate actually fell from 9.4% in December to 9.0% - the lowest rate in 22 months. In fact, the drop in unemployment reflected a drop in the labour force, suggesting that job seekers remain discouraged to look for new work opportunities. The increase in jobs was driven by private sector hiring, as private non-farm payrolls increased by 50,000 units (December: +121,000 jobs). Meanwhile, the public sector cut 14,000 jobs in January, following the 18,000 jobs shed in December. The economy lost an accumulated 7.4 million jobs between December 2007 ? the official start of the recession ? and its official end in June 2009. The tentative economic recovery observed since then saw just 228 thousand jobs added, indicating that the labour market remains fragile.
United States Unemployment
Labour market remains weak despite falling unemployment
February 4, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.