The nation in January added 353,000 jobs based on seasonally adjusted figures, far above economists’ predictions. That was the strongest monthly gain since January 2023, when the economy added 482,000 jobs.
January’s job increase marked 37 consecutive months of job gains, an uninterrupted winning streak that began in January 2021.
BLS said the economy gained 333,000 jobs in December (upwardly revised from the 216,000 jobs reported a month ago).
BLS said 182,000 jobs were added in November (upwardly revised from the 173,000 jobs reported a month ago).
BLS monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. BLS’s annual benchmarking process, which resulted in changes to some job figures, also contributed to the December and November revisions.
Following an unprecedented loss of 20.5 million jobs in April 2020 as the nation locked down in the coronavirus pandemic, the economy has added jobs every month except for December 2020.
Total U.S. employment (157.7 million jobs in January) has recovered all of its pandemic losses, topping its February 2020 pre-pandemic peak (152.3 million) to reach a new all-time high.
The World Health Organization in January 2020 declared the coronavirus outbreak a global public health emergency and in March 2020 classified COVID-19 as a pandemic. The group’s director general, Tedros Adhanom Ghebreyesus, in May 2023 determined that “COVID-19 is now an established and ongoing health issue which no longer constitutes a public health emergency of international concern.”
Ad Age All Access subscribers can see an expanded table showing advertising employment back to 2000 at AdAge.com/adjobs.
That table incorporates employment data revisions made by BLS in February 2024 in its annual benchmarking process and updating of seasonal adjustment factors.