by Calculated Threat on 1/10/2025 08:30:00 AM
From the BLS: Employment Scenario
Whole nonfarm payroll employment elevated by 256,000 in December, and the unemployment fee
modified little at 4.1 p.c, the U.S. Bureau of Labor Statistics reported immediately. Employment
trended up in well being care, authorities, and social help. Retail commerce added jobs in
December, following a job loss in November.
…
The change in whole nonfarm payroll employment for October was revised up by 7,000, from
+36,000 to +43,000, and the change for November was revised down by 15,000, from +227,000 to
+212,000. With these revisions, employment in October and November mixed is 8,000 decrease
than beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph reveals the roles added per thirty days since January 2021.
Payrolls for October and November have been revised down 8 thousand, mixed.
The second graph reveals the year-over-year change in whole non-farm employment since 1968.
In December, the year-over-year change was 2.23 million jobs. Employment was up solidly year-over-year (Though the annual benchmark revision will decrease the year-over-year change).
The third graph reveals the employment inhabitants ratio and the participation fee.
The Labor Power Participation Price was unchanged at 62.5% in December, from 62.5% in November. That is the proportion of the working age inhabitants within the labor power.
The Employment-Inhabitants ratio elevated to 60.0% from 59.8% in November (blue line).
I am going to submit the 25 to 54 age group employment-population ratio graph later.
The fourth graph reveals the unemployment fee.
The unemployment fee decreased to 4.1% in December from 4.2% in November.
This was effectively above consensus expectations; nonetheless, October and November payrolls have been revised down by 8,000 mixed.
I am going to have extra later …
