January 2021 employment data, and December 2020 revisions, are both disappointing -- over the FOUR months since October 2020, establishments created only 86,000 jobs

 

	Prior	Prior Revised	Consensus	Consensus Range	Actual
Nonfarm Payrolls - M/M	-140,000	-227,000	50,000	-100,000  to 400,000	49,000
Unemployment Rate	6.7 %		6.7 %	6.6 % to 6.9 %	6.3 %
Private Payrolls - M/M	-95,000	-204,000	35,000	-120,000  to 300,000	6,000
Manufacturing Payrolls - M/M	38,000	31,000	30,000	0  to 35,000	-10,000
Participation Rate	61.5 %		61.4 %	61.3 % to 61.5 %	61.4 %
Average Hourly Earnings - M/M	0.8 %	1.0 %	0.3 %	-0.4 % to 0.4 %	0.2 %
Average Hourly Earnings - Y/Y	5.1 %	5.4 %	5.0 %	4.5 % to 5.3 %	5.4 %
Average Workweek	34.7 hrs		34.7 hrs	34.6 hrs to 34.8 hrs	35.0 hrs

 

Unemployment  Rate  Chart:

 

Total  Unemployed  People  Chart:

 

Labor  Force  Participation  Percentage  Chart:

Total  Employed  People  Chart: