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RACHEL MARTIN, HOST:
The hundreds of thousands of government workers who were furloughed or working without pay did not have a negative effect on the job market. The Department of Labor1 reports this morning that employers in this country added 304,000 jobs last month. NPR's Yuki Noguchi is in the studio for more.
Hi, Yuki.
YUKI NOGUCHI, BYLINE2: Good morning.
MARTIN: What do these numbers show?
NOGUCHI: Well, as you mentioned, hiring was, surprisingly, very strong - 304,000. That's way beyond what analysts3 were expecting. And a lot of the hiring was in restaurants and hotels, construction and health care. But the unemployment rate was 4 percent, which was a small hike from the 3.9 percent level in December.
MARTIN: So explain how it seems to indicate that the government shutdown, which affected4 800,000 federal workers, that had virtually no effect on the job market.
NOGUCHI: Yeah, it's a little confusing. It didn't affect the numbers because of some technicalities of who the government considered unemployed5 in January. So there are two separate surveys. And they classified furloughed workers differently. One of them is the payroll6 survey, which measures hiring. And that one counted furloughed workers as employed, even if they were sitting at home and not collecting a paycheck. But since Congress agreed to pay these workers retroactively, they were employed. But in the other survey, which measures the jobless rate, a lot of these same workers were counted as unemployed.
MARTIN: So what kind of impact did that have on the jobless rate in January?
NOGUCHI: It did have an effect but a small one. You saw the unemployment rate go to 4 percent. That's an uptick of 1/10 of a percentage point. But that effect is likely temporary.
MARTIN: So does that mean the job market, basically, escaped largely unscathed because of the shutdown last month?
NOGUCHI: Not entirely7 - the Congressional Budget Office this week said the shutdown reduced federal spending and cut into economic growth. Now, that would definitely hit federal contractors8, who make up the biggest segment of those that do government work. They don't get paid back after the furlough ended. And some of them were laid off. That might help explain why we saw a spike9 earlier this week in initial claims for unemployment insurance. And the number of people working part time but looking for more work increased a lot last month. Probably, those are government workers and contractors looking to bridge that period with temporary work. But then, you know, Rachel, the overall context is that unemployment is still very low.
MARTIN: Right.
NOGUCHI: Private sector10 can't fill jobs. And so we'll have to wait to see more data. But the government shutdown caused, you know, some delays in other economic reports. So we'll have to wait to see what those say.
MARTIN: So January - clearly, a big month for hiring. How does that fit into the overall employment trajectory11?
NOGUCHI: You're right. The longer term trend is what matters. And this latest data doesn't actually change the monthly average very much. January marks the 100th straight month of job growth. That's a very long run of growth. The unemployment rate is so low at this point that there are just fewer people who don't already have jobs. And that's great news for workers because that lack of available workforce12 means that employers have to pay more. And last month, you saw average hourly earnings13 increase by an annual rate of 3.2 percent. That's considered pretty strong. So we may start to see hiring level off but wages continue to increase.
MARTIN: All right. NPR's Yuki Noguchi for us this morning with those new jobs numbers. Thanks so much, Yuki.
NOGUCHI: Thank you, Rachel.
1 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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2 byline | |
n.署名;v.署名 | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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4 affected | |
adj.不自然的,假装的 | |
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5 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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6 payroll | |
n.工资表,在职人员名单,工薪总额 | |
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7 entirely | |
ad.全部地,完整地;完全地,彻底地 | |
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8 contractors | |
n.(建筑、监造中的)承包人( contractor的名词复数 ) | |
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9 spike | |
n.长钉,钉鞋;v.以大钉钉牢,使...失效 | |
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10 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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11 trajectory | |
n.弹道,轨道 | |
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12 workforce | |
n.劳动大军,劳动力 | |
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13 earnings | |
n.工资收人;利润,利益,所得 | |
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