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From December 2021 to December 2022, nonfarm payroll employment increased in 81 metropolitan areas and was essentially unchanged in 308 areas. The largest over-the-year percentage gains in employment occurred in Charleston-North Charleston, South Carolina, and Dallas-Fort Worth-Arlington, Texas (+5.9 percent each), followed by Atlantic City-Hammonton, New Jersey (+5.8 percent). Five other metropolitan areas also had over-the-year employment increases of at least 5.0 percent.
read full article »Nonfarm payroll employment rose by 517,000 in January 2023. Job growth was widespread in January, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and health care (+58,000). Employment also increased in government, partially reflecting the return of university workers from a strike.
The total number of unemployed people was essentially unchanged at 5.7 million in January 2023. In January, the number of unemployed people on temporary layoff was at 734,000, the lowest since January 2020.
From the fourth quarter of 2021 to the fourth quarter of 2022, nonfarm business labor productivity decreased 1.5 percent, reflecting a 0.8-percent increase in output and a 2.3-percent increase in hours worked. This follows over-the-year decreases in labor productivity of 2.1 percent in the second quarter of 2022 and 1.1 percent in the third quarter of 2022.