January was the second month since the recession began in December 2007 that payrolls grew instead of fell, the Labor Department is expected to say in a report due out today. Some 5,000 new jobs were likely added last month, reports Reuters. Close to 4,000 jobs were added in June but there was a surprise drop of 85,000 in December.
The modest jobs growth is dwarfed, however, by revised figures showing that far more jobs were lost during the recession than had previously been believed. The report is expected to state that the number of people employed in the 12 months to March 2009 was 824,000 lower than earlier estimates, suggesting employers were more aggressive than expected about cutting jobs as the economy soured.