New Jobs Report: Government Employment Soars To Historic Highs In January

Written By BlabberBuzz | Saturday, 03 February 2024 04:30 PM
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The Bureau of Labor Statistics (BLS) has reported that the United States government set a new employment record in January, with the total number of government employees reaching an unprecedented high.

In January alone, the government added 36,000 new employees, with 11,000 in the federal government and 19,000 in local government. This brought the total number of government employees to 23,091,000, surpassing the previous record of 23,055,000 set in December. This marks the third consecutive month of record-breaking employment numbers in the government sector.

The last time the government employment numbers were this high was in May 2010, when the total number of government positions reached 22,996,000. This spike was attributed to increased hiring for census collection that year. However, new methodology introduced in February's job report revised the number of government jobs in November to 23,000,000, making January the third consecutive month of record-breaking government employment, as per the BLS.

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Over the past year, the government has added 601,000 jobs to the U.S. economy, with the total number of government employees standing at 22,490,000 in January 2023. On average, the government added 57,000 new jobs every month in 2023.

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However, this increase in government employment coincides with a continued rise in government debt. The national debt surpassed $34 trillion for the first time in U.S. history just before the end of December. In the fourth quarter alone, the U.S. ran an $800 billion deficit while only gaining $328.7 billion in gross domestic product.

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The anticipated increase in government hiring that typically occurs in census years did not materialize in 2020 due to the COVID-19 pandemic. Hiring efforts were halted in February of that year, stopping at 22,867,000 government positions, according to the Federal Reserve Bank of St. Louis. The number of government jobs fell sharply to 21,395,000 by May 2020 due to pandemic-related shutdowns.

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In total, the economy added 353,000 nonfarm payroll jobs in January, far exceeding economists' expectations of just 180,000. Despite this robust growth, January also witnessed a 136% increase in layoffs compared to December, with 82,307 positions being cut.

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