financetom
Economy
financetom
/
Economy
/
US government added 9,000 jobs in January, gain not expected to continue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US government added 9,000 jobs in January, gain not expected to continue
Feb 7, 2025 9:19 AM

(Reuters) - The U.S. government added 9,000 workers in January, a gain economists do not expect to see repeated in the months ahead as President Donald Trump looks to cull the ranks of the federal workforce.

Trump came back to the presidency last month pledging to reduce the size of the federal government, and appointed Elon Musk to lead the effort at the helm of the newly created Department of Government Efficiency.

In Trump's first few weeks he has moved to shut down the U.S. Agency for International Development, affecting potentially several thousand jobs. He also offered a buyout to the federal workforce, with reportedly 60,000 workers accepting, although a federal judge has temporarily blocked the move.

The gains in federal hiring last month were led by the U.S. Postal Service, which added 5,700 workers, the Department of Labor reported on Friday. Excluding those, the government added 3,700 positions. On average U.S. government employment has grown by about 4,000 jobs a month over the past year.

"The increase in federal employment will probably shift to a decline for a while," Brian Jacobsen, chief economist at Annex Wealth Management, said.

The figures in January were collected during the monthly BLS survey of employers, conducted during the week before Trump's inauguration on Jan. 20. They may be revised in coming reports as more data on federal employment levels arrives.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-Who are Israel's main weapons suppliers and who has halted exports?
Factbox-Who are Israel's main weapons suppliers and who has halted exports?
May 9, 2024
(Reuters) - The United States has suspended a shipment of weapons to Israel, including heavy, bunker-busting bombs Israeli forces have used in their war against Hamas militants in Gaza that has killed nearly 35,000 Palestinians in seven months. U.S. President Joe Biden acted in the face of Israel Prime Minister Benjamin Netanyahu's decision to pursue a military assault on the...
Unemployment Claims Surge More Than Expected, Hit 8-Month Peak: Dollar Falls As Traders Bet On Rate Cuts
Unemployment Claims Surge More Than Expected, Hit 8-Month Peak: Dollar Falls As Traders Bet On Rate Cuts
May 9, 2024
The number of individuals filing for unemployment benefits soared more than predicted last week, suggesting emerging weaknesses in the labor market. Jobless claims rose from 209,000 to 231,000 for the week that ended on May 4, marking the highest level since August of the previous year, according to data released by the Department of Labor. This rise ended a sequence...
Weekly Jobless Claims Increase to Highest Level Since August 2023
Weekly Jobless Claims Increase to Highest Level Since August 2023
May 9, 2024
12:15 PM EDT, 05/09/2024 (MT Newswires) -- Weekly applications for unemployment insurance rose more than Wall Street's expectations, reaching the highest level since August 2023, government data showed. The seasonally adjusted number of initial claims advanced by 22,000 to 231,000 in the week ended May 4, the US Department of Labor said Thursday. This marked the highest level since the...
US weekly jobless claims increase more than expected
US weekly jobless claims increase more than expected
May 9, 2024
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week as the labor market steadily eases. Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 231,000 for the week ended May 4, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims in the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved