The unemployment rate remained stable at 4.8% in January, according to the U.S. Bureau of Labor Statistics.
Here are some key stats for January:
- Unemployment rates across age, gender, and race demographics showed little change.
- Healthcare, food service, and professional and technical services also added thousands of new jobs.
- The average hourly wage increased by 3 cents. The industries with the highest increase in payroll were retail, construction, and finance.
- There were 7.6 million people unemployed in January.
For recruiters, the good news is that there are still people to hire and new jobs to be filled. But for now, the needle on unemployment isn’t moving.
Source: Bureau of Labor Statistics, Employment Situation Summary
