Unemployment dropped 6.6% in January for the U.S.A

The unemployment rate in the United States dropped slightly in January, reflecting a rebound in job creation, which was however less rapid than expected, according to official figures released today by the Ministry of Labour. The unemployment rate in January fell by 0.1% and decreased to 6.6% compared with December, and created 113,000 new jobs. Analysts have projected weighted average that would create 175,000 jobs and that the unemployment rate will remain unchanged at 6.7%. The number of new jobs were created in December, which was very disappointing, especially because of the effects of weather, revised and increased slightly from 74,000 to 75,000. This revised November substantially upwards, from 241,000 to 274,000.

U.S.A. unemployment

U.S.A. unemployment

Over the last three months, the average job growth amounts to 154,000. For all of 2013, the figure, the average monthly rate of job creation was 194,000 higher than those destroyed. As fell to 6.6%, the unemployment rate approached more the limit of 6.5%, after which the federal U.S. central bank, the Fed, has made it clear that it will consider any increase in key interest rates which are now close to zero. The decline in the percentage of unemployed in January seems to be due primarily to an increase in jobs and not to a further drop in the labor force, as happened extensively in recent months, with despondent unemployed to abandon the effort to secure a job.

U.S.A. unemployment

U.S.A. unemployment

Last month the active population rose to 63%, which is included in this 499,000 additional persons. However this figure is a record low. Another paradox may have contributed to the decline in the unemployment rate. People identified long term unemployed decreased by 232,000 in January, to 3.6 million.

By Nicole P.

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