The United States set a new record in January for the total number of Americans employed by the government, according to data from the Bureau of Labor Statistics (BLS).
The government added 36,000 new employees in January, including 11,000 in the federal government and 19,000 in local governments, for a total of 23,091,000. according to To BLS. The cumulative total for January surpassed the previous record high of 23,055,000 set in December, marking a new record for the third consecutive month. (Related: One line missing from key Fed statement could spell trouble for the economy)
The previous record for the most recent series of highs was May 2010, when the total number of government jobs was 22,996,000, which was further increased by the year's census employment increase. According to the BLS, a new methodology for February's employment report revised the number of government jobs in November upward to 23 million, making the number of government jobs in January a new record for the third consecutive month.
Over the past 12 months, the majority of my work has come from:
1) Healthcare
2) Government
3) Server pic.twitter.com/Oz3SEdmAJt— Frog Capital (@FrogNews) February 2, 2024
The government added a total of 601,000 jobs to the U.S. economy in the past 12 months, bringing the total to 22.49 million in January 2023, according to the BLS. The government created an average of 57,000 new jobs every month in 2023.
The increase in government employment has been accompanied by an increase in government debt, with the national debt exceeding $34 trillion for the first time in U.S. history just before the end of December. In the fourth quarter alone, the United States ran a deficit of $800 billion, but gross domestic product increased by only $328.7 billion.
The increase in government hiring typically expected in census years did not materialize in 2020 due to the COVID-19 pandemic, with hiring halted in February of the same year, leaving the number of government jobs at 22,867,000. Stayed in person. according to to the Federal Reserve Bank of St. Louis. Due to the government shutdown due to the COVID-19 pandemic, government employment fell rapidly to 21.395 million by May 2020.
Economy-wide nonfarm payrolls rose by 353,000 jobs in January, far exceeding economists' expectations of just 180,000. Despite strong growth, layoffs increased by 136% in January compared to December, with 82,307 positions eliminated.
The White House did not immediately respond to a request for comment from the Daily Caller News Foundation.
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