Equitable Growth’s Jobs Day Graphs: January 2018 Report Edition

Earlier this morning, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of January. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.

1.

Prime employment has leveled off at about 79%, a high for the recovery but lower than rates before the recession.

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2.

After falling to an all-time low in December, African-American unemployment ticked up sharply in January.

3.

Nominal wage growth ticked up in January while inflation fell slightly in December.

4.

Employment was up sharply in the Education, Leisure and Hospitality, and Construction industries.

5.

After reaching highs for the recovery late last year, fewer workers are now entering employment from outside the labor force.

February 2, 2018

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