January’s job report saw a gain of 49,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment rose in professional and business services and in public and private education, while losses happened in leisure and hospitality, retail trade, healthcare and in transportation and warehousing.
January’s unemployment rate dropped to 6.3%, down from 6.7% in December. The civilian labor force participation was 61.4%, down slightly from 61.5% in December.
The report found that in January, average hourly earnings for employees on private, nonfarm payrolls increased by 6 cents to was $29.96.