Commissioner's Statement on the Employment Situation News Release — 2013-02-01
Advance copies of this statement are made available to the press under lock-up conditions with the explicit understanding that the data are…
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Advance copies of this statement are made available to the press under lock-up conditions with the explicit understanding that the data are embargoed until 8:30 a.m. Eastern Standard Time. Nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent. In 2012, job gains averaged 181,000 per month. In January, employment rose in retail trade, construction, health care, and wholesale trade but edged down in transportation and warehousing. Retail trade employment grew by 33,000 over the month and has increased by 213,000 over the past 12 months. In January, employment continued to trend up in clothing and accessories stores (+10,000), motor vehicle and parts dealers (+7,000), and electronics and appliance stores (+5,000). Construction employment increased by 28,000 in January. Since reaching a low in January 2011, construction employment has grown by 296,000, with one-third of the gain occurring in the last 4 months.
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