January Marks 100 Straight Months of Increased Employment
March 2019The U.S. labor market has reached a new record with the longest streak of job additions to the market. January marked the 100th month of consecutive job growth within the U.S according to the Bureau of Labor Statistics.
Nonfarm payrolls rose to a seasonally adjusted rate of 304,000 in January. Employment grew in several industries including leisure and hospitality, construction, health care and transportation and warehousing.
Unemployment ticked up to 4.0% but that is attributed to the partial government shutdown that lasted 35 days. Despite uncertainties that surrounded the partial shutdown, it did not slow down the private sector hiring.
