U.S. Employment Update | January 2014

0 CommentsBy

January 2014 employment update

December saw the U.S. economy add just 74,000 jobs, the second-lowest monthly figure recorded throughout the recovery so far. It caps off a year that registered a 2.2-million-job expansion, unemployment falling to 6.7 percent and a more consistent as well as geographically broadening expansion. While trade and manufacturing were some of December’s largest winners, over the course of the 2013, the core subsectors of PBS, leisure and hospitality, retail trade and education and health were dominant, as government continued to see small and unstable contractions.

That said, challenges still remain. Total unemployment remains elevated at 13.1 percent, while the labor force participation rate dropped by 20 points to just 62.8 percent. However, we expect that the recovery will stay on course as momentum builds on a monthly basis and an increasing number of markets see potential begin to be realized.

Visit our Phoenix Research Group page for additional market insight: Phoenix – Research

Tweet this: #JLL: December saw the U.S. economy add 74,000 jobs, second-lowest figure recorded throughout the #recovery so far. http://bit.ly/19sQFZj

Leave a Reply

Your email address will not be published. Required fields are marked *