
January’s Big Jobs Number Comes With Noise, and With Ongoing Inflation Warnings
Commentary January jobs printed at 353,000 new jobs, according to the Establishment Survey from the Bureau of Labor Statistics (BLS), a collection of job creation data from businesses. November and December jobs creation revisions added another 126,000 new jobs. The number far surpassed the consensus estimate of 187,000 new jobs. The BLS’s Household Survey, which calculates the number of people taking jobs, and is viewed as eliminating workers taking more than one job, showed 31,000 fewer people working in December than in January. Notably, according to the Household Survey, full-time employment declined by 63,000 while part-time employment increased by 96,000. Let’s look at our exclusive schedule of jobs creation by average weekly wages: ...
