BLS: Unemployment rate for January was 6.3%; payrolls rose 49000 positions

Credit: Calculated Risk

The Bureau of Labor Statistics reported Friday that the national unemployment rate dropped to 6.3%, 
and payrolls rose by 49000 positions in January.

The broader U6 measurement of unemployment was 11.1%, down from 11.7% in December.

The chemical manufacturing subsector saw a rise in positions from 841100 in December to 851600 in January, a rise of 10500 positions (seasonally adjusted).

The unemployment rate of college graduates was 4.0% for January 2020, while by contrast the unemployment rate for people without a high school diploma was 9.1%.