Earnings for Private Payrolls Increase 3%

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For the year ended January 2020, nonfarm payroll employment increased 2,052,000, or 1.4 percent, according to the U.S. Bureau of Labor Statistics.

Over that period, private employment increased by 1,875,000, or 1.5 percent. Over the past 12 months, average hourly earnings for all employees on private nonfarm payrolls increased from $27.58 to $28.44, or 3.1 percent.

From January 2019 to January 2020, employment in construction increased by 142,000, or 1.9 percent. Over that period, average hourly earnings in construction increased 2.9 percent to $31.19.

Employment in professional and business services (390,000), leisure and hospitality (320,000), financial activities (132,000), transportation and warehousing (105,900), and wholesale trade (65,300) increased for the year ended January 2020.

Over that period, average hourly earnings increased by 3.7 percent for both professional and business services and financial activities.

These data are from the Current Employment Statistics program. Data for the most recent 2 months are preliminary.


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