U.S. economy added 216,000 jobs in December

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The U.S. economy added 216,000 jobs in the month of December and the unemployment rate sat at 3.7%, according to the Bureau of Labor Statistics’ monthly jobs report.

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#Jobs #Economy #Unemployment

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34 COMMENTS

  1. Wait, not so good. The Labor Bureau has completely cooked the books on this stat. A lot of part time jobs have replaced full time jobs so that real wage value has dropped and a lot of unemployed persons have been revised out of the stats. Biden even has the Labor Bureau on the take just as he has the FBI and DOJ and other Depts. lying about numbers and documents. This is a freaking joke! Lies, lies, and more lies. I hope the entire public isn't believing this nonsense! People, research the stats yourself. Don't believe these corrupt gov. depts. and news media!

  2. Off course things look good after downward revision. Lol Nonfarm payrolls increased 216,000 after downward revisions to the prior two months, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7%, while average hourly earnings rose 0.4% from a month earlier.

  3. US hits record $34 trillion national debt — more than the value of China, Japan, Germany, India and the UK's economies combined. As of October 2023, United States government has a monthly interest rate of 3.05 percent on its debt of over a trillion dollars in interest alone surpassing even military spending. Each american hold $110,000 of U.S debts. Usa debts added a trillion dollars in just 3 months.

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  5. Here's where the 216,000 jobs were created in:
    "Government employment increased by 52,000 in December. Employment continued to trend

    up in local government (+37,000) and federal government (+7,000). Government added an

    average of 56,000 jobs per month in 2023, more than double the average monthly gain of

    23,000 in 2022.

    In December, health care added 38,000 jobs. Employment continued to trend up in

    ambulatory health care services (+19,000) and hospitals (+15,000). Job growth in health

    care averaged 55,000 per month in 2023, compared with the 2022 average monthly gain

    of 46,000.

    Employment in social assistance rose by 21,000 in December, mostly in individual and

    family services (+17,000). Social assistance employment rose by an average of 22,000

    per month in 2023, little different than the average increase of 19,000 per month

    in 2022.

    In December, construction employment continued to trend up (+17,000). Employment in

    nonresidential building construction increased by 8,000. Construction added an average

    of 16,000 jobs per month in 2023, little different than the 2022 average monthly gain

    of 22,000.

    Employment in transportation and warehousing declined by 23,000 in December. Couriers

    and messengers lost 32,000 jobs, while air transportation added 4,000 jobs. Since

    reaching a peak in October 2022, employment in transportation and warehousing has

    decreased by 100,000.

    Employment in leisure and hospitality changed little in December (+40,000). The

    industry added an average of 39,000 jobs per month in 2023, less than half the

    average gain of 88,000 jobs per month in 2022. Employment in the industry is

    below its pre-pandemic February 2020 level by 163,000, or 1.0 percent.

    Retail trade employment changed little in December (+17,000). Over the month,

    employment increased in warehouse clubs, supercenters, and other general merchandise

    retailers (+14,000); building material and garden equipment and supplies dealers

    (+8,000); and automotive parts, accessories, and tire retailers (+4,000). These job

    gains were partially offset by a job loss in department stores (-13,000). Retail

    trade employment has shown little change, on net, since recovering in early 2022

    from pandemic-related losses.

    In December, employment in professional and business services changed little (+13,000).

    Employment in professional, scientific, and technical services continued to trend up

    (+25,000); this industry added an average of 22,000 jobs per month in 2023, about half

    the average monthly gain of 41,000 in 2022. In December, employment in temporary help

    services continued its downward trend (-33,000) and has fallen by 346,000 since reaching

    a peak in March 2022. Overall, employment in professional and business services changed

    little in 2023.

    Employment showed little change over the month in other major industries, including

    mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade;

    information; financial activities; and other services."

  6. You should read the actual news: here's what it says for people not part of the unemployment figures
    "The number of persons not in the labor force who currently want a job edged up to 5.7

    million in December and was up by 514,000 over the year. These individuals were not

    counted as unemployed because they were not actively looking for work during the 4

    weeks preceding the survey or were unavailable to take a job. (See table A-1.)

    Among those not in the labor force who wanted a job, the number of persons marginally

    attached to the labor force changed little at 1.6 million in December but was up by

    306,000 over the year. These individuals wanted and were available for work and had

    looked for a job sometime in the prior 12 months but had not looked for work in the

    4 weeks preceding the survey. The number of discouraged workers, a subset of the

    marginally attached who believed that no jobs were available for them, at 346,000,

    was little changed in December and over the year. (See Summary table A.)"

    you can read more at : bls.gov/news.release/empsit.nr0.htm

  7. November 199k new jobs reported, oops in January revision of jobs in November was actually only 128k, So lets see what the job report for December is in February.

  8. Trump or Desantis people claim they can’t afford gas and a can of green beans but they give hundreds of dollars 💸 to Trump or Desantis for running around yelling they want to live at Washington in the big white mansion. It’s a funny movie called maga.

  9. Unemployment is one thing. Livable wages are a different issue. You can hire 200K+ jobs month after month, but if none of those jobs are keeping up with the cost of living how relevant is that statistic? The media is worried about the wrong stat.

  10. Don’t let them lie to you. Most of these jobs if you look at it were jobs that went away for Covid just coming back. So these jobs are not new jobs. They are returning jobs they were affected by Covid.

  11. Sometimes the president should get credit when he works to boost manufacturing jobs and finally passes an infrastructure bill that will add good jobs now and well into the future and credit for stimulating the economy after a once in a century pandemic. Biden administration also worked hard to release the bottlenecks that tangled up after the pandemic which will also pay dividends moving forward.

Comments are closed.