Unemployment Drops to 9 percent, Manufacturing Adds 49,000 Jobs
The number of unemployed people dropped by 600,000 to 13.9 million individuals. The number of those who lost jobs or worked temporary jobs dropped from 8.9 million to 8.5 million. The number of long-term unemployed people decreased to 6.2 million. They comprise 43.8 percent of the unemployed.
The number of people working part-time for economic reasons declined from 8.9 million to 8.4 million. There were still 1 million discouraged workers in January, virtually unchanged from the previous year. These workers have stopped looking for jobs because they believe there are none available for them.
The manufacturing sector created 49,000 jobs in January. Durable goods, including motor vehicles and parts, added 20,000 jobs; fabricated metals added 13,000 jobs; machinery added 10,000 jobs; and computer and electronic goods added 5,000 jobs. However, nondurable goods manufacturing dropped by 13,000 jobs.
The construction industry continued to eliminate positions, with employment decreasing by 32,000 jobs.
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
A Heightened Focus on Reshoring
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
COVID-19 and Site Selection in the Near and Long Term
34th Annual Corporate Survey & the 16th Annual Consultants Survey