Friday, February 07, 2014

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[IWS] BLS: THE EMPLOYMENT SITUATION -- JANUARY 2014 [7 February 2014]

IWS Documented News Service

_______________________________

Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

 

THE EMPLOYMENT SITUATION -- JANUARY 2014 [7 February 2014]

http://www.bls.gov/news.release/empsit.nr0.htm

or

http://www.bls.gov/news.release/pdf/empsit.pdf

[full-text, 42 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/empsit.supp.toc.htm

 

 

 

Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate

was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today.

Employment grew in construction, manufacturing, wholesale trade, and mining.

 

 

  ------------------------------------------------------------------------------------

|                        Changes to the Employment Situation Data                    |

|                                                                                    |

|Establishment survey data have been revised as a result of the annual benchmarking  |

|process and the updating of seasonal adjustment factors. Also, household survey data|

|for January 2014 reflect updated population estimates. See the notes at the end of  |

|this release for more information about these changes.                              |

|                                                                                    |

  ------------------------------------------------------------------------------------

 

 

Household Survey Data

 

Both the number of unemployed persons, at 10.2 million, and the unemployment rate, at

6.6 percent, changed little in January. Since October, the jobless rate has decreased by

0.6 percentage point. (See table A-1.)  (See the note and tables B and C for information

about the effect of annual population adjustments to the household survey estimates.)

 

Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult

women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent),

and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians

was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.

(See tables A-1, A-2, and A-3.)

 

The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,

declined by 232,000 in January. These individuals accounted for 35.8 percent of the

unemployed. The number of long-term unemployed has declined by 1.1 million over the year.

(See table A-12.)

 

After accounting for the annual adjustment to the population controls, the civilian labor

force rose by 499,000 in January, and the labor force participation rate edged up to 63.0

percent. Total employment, as measured by the household survey, increased by 616,000 over

the month, and the employment-population ratio increased by 0.2 percentage point to 58.8

percent. (See table A-1. For additional information about the effects of the population

adjustments, see table C.)

 

The number of persons employed part time for economic reasons (sometimes referred to as

involuntary part-time workers) fell by 514,000 to 7.3 million in January. These individuals

were working part time because their hours had been cut back or because they were unable to

find full-time work. (See table A-8.)

 

In January, 2.6 million persons were marginally attached to the labor force, little changed

from a year earlier. (The data are not seasonally adjusted.) These individuals were not in

the labor force, 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 4 weeks preceding the survey. (See table A-16.)

 

Among the marginally attached, there were 837,000 discouraged workers in January, about

unchanged from a year earlier. Discouraged workers are persons not currently looking for

work because they believe no jobs are available for them. The remaining 1.8 million persons

marginally attached to the labor force in January had not searched for work for reasons such

as school attendance or family responsibilities. (See table A-16.)

 

AND MUCH MORE...including TABLES....

 

 

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 




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