The jobs number is disappointing at best. Only 36,000 jobs were added in January, according to the Wall Street Journal. Dow Jones news wires had forecast an increase of 136,000. The unemployment rate fell to 9%.
The key reason for such a poor showing was bad weather. However, the December number was increased to 121,000 jobs, from 103,000.
Commenting on the jobs situation, Federal Reserve chairman Ben Bernanke said: "Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established."
The report showed that 13.86 million people who would like to work can't get a job. The government also revised downward March 2010 payrolls to 378,000.
Here is a breakdown of specific categories:
- Government employment dropped by 14,000. The number of municipal jobs declined sharply.
- 43.8% of unemployed , or 6.2 million people were out of work for more than six months.
- Manufacturing added 49,000 jobs.
- Private sector employers added 50,000 jobs.
- Hourly earnings increased 8 cents to $22.86.
- The average workweek fell to 34.2 hours for all private sector jobs.