Tuesday, February 24, 2015
Great job numbers in 2014 in USA
Job gains were stronger than expected in January and point to an economy that is gaining momentum, as the U.S. economy added 257,000 jobs to start the year (on a seasonally adjusted basis), according to initial estimates from the U.S. Bureau of Labor Statistics (BLS).
That figure exceeded the consensus forecast of 234,000 jobs, as monthly gains topped 200,000 jobs added for the 12th straight month. Gains topped 249,000 jobs in seven of the past 10 months.
The BLS revised its November and December employment gains upward -- from 353,000 jobs to 423,000 in November and 252,000 jobs to 329,000 in December, for a net gain of 147,000 jobs. Annual benchmark revisions as well as seasonal factor updates and population re-estimates account for most of the large revisions to previous data.
Job gains averaged 267,000 per month for the 12 months ending January 2015, according to the BLS' Current Employment Survey (also known as the payroll survey). Monthly job gains averaged 196,000 during the same period one year ago, 36.2% less than the current average. The economy added 3.207 million nonfarm jobs in the trailing 12 months ending in January 2015, compared to 2.349 million jobs added from January 2013-January 2014. Annual job growth was 2.3% in January, compared to 1.7% in January 2014.