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Industry Report

In January 2023 Professional & Business Services and Healthcare emerge as major drivers of jobs growth

January 2023 Jobs Report

Total non-farm payroll employment rose by 517,000 in January, and the unemployment rate changed little at3.4 percent. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in government, partially reflecting the return of workers from a strike.

In January, both the labor force participation rate, at 62.4 percent, and the employment-population ratio, at 60.2 percent, were unchanged after removing the effects of the annual adjustments to the population controls.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

(Decreased by .1% since December)

Industry-Specific Updates
– November 2022

+82,000

Professional & Business Services

Scientific, and technical services +41,000
Job growth +63,000 per month

+128,000

Leisure and Hospitality

Food services and drinking places + 99,000
Accommodation +15,000

+58,000

Healthcare

Ambulatory health care +30,000
Hospitals +11,000
Nursing and residential care +17,000
Job growth +47,000 per month

+23,000

Transportation & Warehousing

Support activities for transportation +7,000

+19,000

Manufacturing

Average jobs added +33,000 per month

+2,000

Additional Growth Sectors

Social assistance + 21,000
Retail +30,000
Construction +25,000

Among the major worker groups, the unemployment rates for adult men (3.2 percent), adult women (3.1 percent), teenagers (10.3 percent), Whites (3.1 percent), Blacks (5.4 percent), Asians (2.8 percent), and Hispanics (4.5 percent) showed little change in January.

Source: The US Bureau of Labor Statistics

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