U.S. Economy Adds Just 113,000 Jobs in January

Posted on February 8, 2014

The U.S. economy added only 113,000 jobs in January according to the latest report from the Bureau of Labor Statistics. This suggests the dismal December job report was part of trend and not an anomaly caused by snowstorms.

CNN reports that economists were hoping the January numbers would be 178,000, so they were very disappointed. The employment rate in January was 6.6%. The lower unemployment rate certainly does not tell the story of how bad the economy is and how weak hiring is. The biggest industry to gain jobs in January was construction, which added 48,000 jobs. Retail was the biggest loser with a loss of 13,000 jobs. Take a look: