Daily News: February 10, 2014

U.S. Job Growth Slows; Unemployment Dips to 6.6% in Jan.

The Labor Department said U.S. employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6%. Employment grew in construction, manufacturing, wholesale trade and mining.

Construction added 48,000 jobs over the month, more than offsetting a decline of 22,000 in December. In January, job gains occurred in both residential and nonresidential building (+13,000 and +8,000, respectively) and in nonresidential specialty trade contractors(+13,000). Heavy and civil engineering construction also added 10,000 jobs.

Employment in manufacturing increased in January (+21,000). Over the month, job gains occurred in machinery (+7,000), wood products (+5,000), and motor vehicles and parts (+5,000). Manufacturing added an average of 7,000 jobs per month in 2013.

In January, wholesale trade added 14,000 jobs, with most of the increase occurring in nondurable goods (+10,000).

Mining added 7,000 jobs in January, compared with an average monthly gain of 2,000 jobs in 2013.

To read the full Labor Department report click here.