Unemployment falls, few jobs added - Trade Only Today

Unemployment falls, few jobs added

Author:
Publish date:

The unemployment rate fell to 9 percent in January, down from 9.4 percent in December, with 36,000 jobs added last month, the U.S. Bureau of Labor Statistics reported today.

Employment rose in manufacturing and retail trade, but was down in construction and in transportation and warehousing. Employment in most other major industries changed little during the month.

The number of people employed part time for economic reasons declined from 8.9 million to 8.4 million in January. They were working part time because their hours were cut or because they were unable to find a full-time job.

In January, 2.8 million people were marginally attached to the labor force, up from 2.5 million a year earlier. These people were not in the labor force, but wanted and were available for work and had looked for a job sometime in the prior 12 months.

They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

Click here for the full release.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.