Nation's Jobless Figure Inches Up, But So Do Payrolls, Wages


The bad news is that the nation's unemployment level ticked up 1/10th of a point to 5.7 percent in January. The good news is that U.S. non-farm payrolls jumped by 257,000 last month, and November and December's figures were revised to show an additional 147,000 workers were on the payroll. 

All in, the number of full-time workers topped 120 million for the first time since July 2008 and wages went up by an average of 12 cents an hour, representing an annualized gain of 2.2 percent.

The U.S. Labor Department reported this morning that the nation's manufacturing sector added 22,000 jobs in January, while construction payrolls increased 39,000. The oil and gas industry's payrolls fell 1,900 in January. Temporary help slipped 4,100, the first drop in a year.