Nonfarm payrolls rose by 257,000 in January, including annual benchmark revisions. Monthly job gains, which include November and December revisions, averaged 336,000 over the past three months. Job gains were widespread, led by growth in goods-producing sectors (up 58,000, with construction adding 39,000, manufacturing adding 22,000, and mining subtracting 3,000), retail trade (up 46,000), education and health care (up 38,000), professional and business services (up 39,000), and leisure and hospitality (up 37,000).
Revisions to the previous two months’ estimates added 147,000 payrolls, on net. November was revised up from 353,000 to 423,000, and December was revised up from 252,000 to 329,000.
