SBA Administrator Carranza’s Statement on January 2020 Jobs Report
February 14, 2020
U.S. Small Business Administration Administrator Jovita Carranza today issued the following statement in response to the Bureau of Labor Statistics’ Employment Situation Summary for January. According to the just-released report, 225,000 new jobs were created in January, and the employment rate rose slightly to 3.6 percent due to the labor force participation rate increased to 63.4%. The report comes on the heels of two reports released this week indicating new U.S. jobless claims fell by 15,000 to 202,000 – a 50-year low – while private payrolls soared by 291,000 in January, the largest gain in nearly five years. Administrator Carranza said: