U.S. added 304,000 jobs last month, despite government shutdown - Action News
Home WebMail Monday, November 25, 2024, 10:30 PM | Calgary | -14.7°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Business

U.S. added 304,000 jobs last month, despite government shutdown

U.S. employers shrugged off last month's partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year.
The U.S. economy added more than 300,000 new positions in January, even as the government was shut down for much of the month. (Sarah Blesener/Bloomberg)

U.S. employers shrugged off last month's partial government shutdown and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year.

The healthy gain illustrates the job market's durability nearly a decade into the economic expansion. The U.S. has now added jobs for 100 straight months, the longest such period on record.

The Labor Department also said Friday that the unemployment rate rose to 4 per cent from 3.9 per cent, but only for a technical reason: Roughly 175,000 federal workers were counted as temporarily unemployed because of the shutdown.

Job growth in December was revised sharply lower, to 222,000 from a previously estimated 312,000. Still, hiring has accelerated since summer, a development that has surprised economists, because hiring typically slows when unemployment is so low.