February 5, 2016

THE ELECTION WON'T BE ABOUT THE ECONOMY:

Job gains slow in January, but signs of a rebound in labor force participation (Gary Burtless, February 5, 2016, Brookings)

It's worth noting that employment gains in January were far faster than needed to keep the unemployment rate from increasing. In fact, if payrolls continue to grow at January's pace throughout the year, we should expect the unemployment rate to continue falling. As usual in the current expansion, private employers accounted for all of January's employment gains. Government payrolls shrank slightly. The number of public employees is about the same as it was last July. Over the same period, private employers added about 213,000 workers a month to their payrolls.

Posted by at February 5, 2016 4:02 PM

  

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