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Special Report

Employment Research Brief

February 2023

Return of Services Uplifts Job Count,
Highlights Strength of Retail Sector

Employment gain hits highest point in nearly a year. Job growth surged in January, as a net 517,000 positions were created on a seasonally-adjusted basis. January’s employment gain not only surpasses last year’s monthly average of 401,000 jobs, but it was also the most active period for hiring since February 2022. While the end to a California education labor dispute contributed to a jump in government onboarding, most of the job additions were in the private sector, led by the leisure, hospitality, private education and health services segments.

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