The Urethane Blog

Jobs Surge

Payrolls surge by 304,000, smashing estimates despite government shutdown

  • Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000, the Labor Department says.
  • Economists surveyed by Dow Jones had expected payrolls to rise by 170,000.
  • There were revisions. December’s big initially reported gain of 312,000 was knocked all the way down to 222,000, while November’s rose from 176,000 to 196,000.
  • The unemployment rate ticked higher to 4 percent, a level where it had last been in June, a likely effect of the shutdown, according to the department.

https://www.cnbc.com/2019/02/01/nonfarm-payrolls-january-2019.html