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Friday, February 2, 2018

January 2018: Unemployment Rate, Jobs


The January 2018 Jobs Report was released by the government's Bureau of Labor Statistics this morning, Friday, February 2, 2018.  Job growth continued and the unemployment rate remained stable.

  • The report showed an increase of 200,0000 jobs which was slightly more than the 180,000 additional jobs that the pundits expected.
  • The unemployment rate continued at 4.1% for the fourth consecutive month.

January reports (updated as new reports are published):

More reports will be added in the coming hours.  Please check back!


Predictions?


Various prognosticators estimated that around 180,000 new jobs were created in January.  That would be below the monthly average of 204,000 new jobs over the past three months.  


Meanwhile, the payroll processor ADP estimated that we added 234,000 private sector jobs in January.  ADP's estimates have been somewhat higher than the BLS numbers over the last few months.  


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