January 2019 Job Numbers

October 2018 job numbers show continued economic growth

According to the Congressional Budget Office, the 35-day federal government shutdown cost the economy $3 billion in losses that can never be recovered.

But despite this dire statistic, job numbers for January 2019 were strong.

In January, the economy added 304,000 jobs, marking one hundred straight months of job gains.

The Bureau of Labor Statistics also attributed the small rise in unemployment – 4% from the previous month’s 3.9% – to furloughed federal workers who were counted as unemployed during the shutdown.

The average wage also rose 3.2% versus a year ago, to $27.56 per hour.

 

 

 

 

About the Author: Brinna Deavellar is a staffing and marketing professional at Spec On The Job. To send Spec a message or to get daily updates on the latest jobs, follow us on Facebook.

 

Sources: CNBC, Bureau of Labor Statistics