Economy
February 11, 2018
BLS: January Jobs Report Paints Pretty Picture
Written by Peter Wright
The employment picture looks attractive so far for 2018, particularly for construction and manufacturing. The Bureau of Labor Statistics (BLS) reported on Friday that the economy created 200,000 new nonfarm jobs in January.
The BLS data included revisions for previous years, which we have incorporated into this update. There were increases in the total number employed at the end of the last three years—2015 was increased by 8,000, 2016 by 104,000 and 2017 by 118,000 jobs. November was revised down by 36,000 and December revised up by 12,000. Using a three-month moving average (3MMA), the January result was 192,000 jobs, down from 216,000 in December.
