Your current web browser is outdated. For best viewing experience, please consider upgrading to the latest version.

Contact

Send a question or comment using the form below. This message may be routed through support staff.

Email Article

ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
ERROR
Main Error Mesage Here
More detailed message would go here to provide context for the user and how to proceed
search DONATE
Close Nav

MI Responds: On the January 2020 Jobs Report

back to top
commentary

MI Responds: On the January 2020 Jobs Report

February 7, 2020
EconomicsEmployment

The economy added 225,000 jobs in January, giving us the first indication of the trajectory of the labor market in 2020. At the same time, the unemployment rate ticked up to 3.6%, which is actually positive news for the economy since it reflects the addition of new job seekers who were previously sitting out of the labor force. The labor force participation rate rose by two-tenths of a percent after months of stagnancy.

Job growth this month surpassed expectations and allows the Trump administration to continue to boast about the strong economy. Beneath the headline, however, employment in the manufacturing sector fell by 12,000, continuing a troublesome trend of weakness in that sector.

______________________

Beth Akers is a senior fellow at the Manhattan Institute and a former Council of Economic Advisors economist. Follow her on Twitter here.

Photo by LeoPatrizi/iStock

Saved!
Close