Overall Economy Sees Big Job Growth, Industry Gains Slowed
Manufacturing added 13,000 new jobs in January, according to preliminary Department of Labor data.
Contributed by Margo Ellis
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Despite fears that the Omicron COVID-19 variant could cause a significant downturn in new January employment, the Department of Labor reported that the private nonfarm economy added 467,000 jobs.
At the same time, jobs growth in industry slowed to a crawl: Preliminary labor data for January indicated that the manufacturing industry added just 13,000 new jobs last month, less than half the amount it gained in December.
The government figures are rosier than employment predictions produced earlier in the week by ADP, a private payroll company that puts out its own monthly report. The ADP predicted that the U.S. would lose 21,000 manufacturing and 301,000 overall jobs in January. The full IndustryWeek story is here and the press release from the U.S. Bureau of Labor Statistics is here.
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