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Unformatted text preview: Transmission of material in this release is embargoed until USDL-11-0129 8:30 a.m. (EST) Friday, February 4, 2011 Technical information: Household data: (202) 691-6378 • [email protected] • www.bls.gov/cps Establishment data: (202) 691-6555 • [email protected] • www.bls.gov/ces Media contact: (202) 691-5902 • [email protected] T HE E MPLOYMENT S ITUATION – J ANUARY 2011 The unemployment rate fell by 0.4 percentage point to 9.0 percent in January, while nonfarm payroll employment changed little (+36,000), the U.S. Bureau of Labor Statistics reported today. Employment rose in manufacturing and in retail trade but was down in construction and in transportation and ware- housing. Employment in most other major industries changed little over the month. Changes to The Employment Situation Tables and Data Changes to The Employment Situation news release tables are being introduced with this re- lease. In addition, establishment survey data have been revised as a result of the annual bench- marking process and the updating of seasonal adjustment factors. Also, household survey data for January 2011 reflect updated population estimates. See the notes on pages 4, 5, and 6 for more information about these changes. -1000-800-600-400-200 200 400 600 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Thousands Chart 2. Nonfarm payroll employment over-the-month change, seasonally adjusted, January 2009 – January 2011 Percent 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 Jan-09 Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Chart 1. Unemployment rate, seasonally adjusted, January 2009 – January 2011- 2 - Household Survey Data The unemployment rate (9.0 percent) declined by 0.4 percentage point for the second month in a row. (See table A-1.) The number of unemployed persons decreased by about 600,000 in January to 13.9 million, while the labor force was unchanged. (Based on data adjusted for updated population controls. See table C.) Among the major worker groups , the unemployment rates for adult men (8.8 percent), whites (8.0 per- cent), and Hispanics (11.9 percent) declined in January. The unemployment rates for adult women (7.9 percent), teenagers (25.7 percent), and blacks (15.7 percent) were little changed. The jobless rate for Asians was 6.9 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.) The number of job losers and persons who completed temporary jobs fell from 8.9 to 8.5 million in January. The number of long-term unemployed (those jobless for 27 weeks or more) edged down to 6.2 million and accounted for 43.8 percent of the unemployed. (See tables A-11 and A-12.) After accounting for the annual adjustment to the population controls, the employment-population ratio (58.4 percent) rose in January, and the labor force participation rate (64.2 percent) was un- changed. (See tables A-1 and C.) The number of persons employed part time for economic reasons (sometimes referred to as involun- tary part-time workers) declined from 8.9 to 8.4 million in January. These individuals were working tary part-time workers) declined from 8....
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This note was uploaded on 12/04/2011 for the course ECON 305 taught by Professor Terrell during the Spring '08 term at Maryland.
- Spring '08