Home » Business News • Employment News » US employers add 467,000 jobs in January despite Omicron impact
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US employers added 467,000 jobs over the course of January, a new US Jobs Report reveals.
The US Bureau of Labor Statistics has released its latest report for January, which shows the creation of the new roles, as well as a little-changed unemployment rate of four percent.
The growth areas were leisure and hospitality, professional and business services, retail and transport and warehousing.
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The total number of unemployed people remained at around 6.5 million, which is down year-on-year 2.4 percent.
The rate has risen from February 2020, which was 3.5 million before the Covid-19 pandemic, to around 5.7 million people.
Statistics show the amount of people who left jobs increased to 952,000, following a drop in December.
Permanent job losses were at 1.6 million, which is a 1.9 million drop from a year earlier.
The number of long-term unemployed, which is 25.9 per cent of the total jobless figure, has fallen to 1.7 million, down from four million a year earlier.
However, the number is still 570,000 higher than in February 2020.
Covid-19 is still causing a major issue, as the report shows in there were six million people left unable to work after their employer closed or lost business because of the pandemic.
This is nearly double the total of 3.1 million in December 2021.
The virus also meant around 1.8 million people were prevented from looking for work, up from 1.1 million in December.
Employment growth continued in leisure and hospitality, professional and business services, retail trade, and in transportation and warehousing.
Leisure and hospitality remains down by 10.3 percent or 1.8 million people, since before the pandemic.
January saw average hourly earnings rise by 23 cents to $31.63.
Over the last 12 months, average hourly pay has gone up by 5.7 percent.
The average work week also fell by 0.2 of an hour to 34.5 hours.
Heather Long of the Washington Post tweeted to say: "Wow. The US has gained back 87% of the 22 million jobs lost in the pandemic recession.
"That's an incredibly fast bounce back. This comes after a big job gain in January and @BLS_gov made revisions (mostly higher) to the data last year."
Founder and CEO of Compound Capital Advisors, Charlie Billelo, tweeted: "Nonfarm Payroll Report: 467k new jobs were added in January vs. 150k estimate.
"22 million jobs were lost in March-April 2020.
"19.1 million jobs have been added back, now 2.9 million below high.
"Good news: there are 10.9 million job openings in the US."
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