Courtesy of Mish.
Initial Reaction
For the third consecutive month we see a strong headline payroll number. The Bloomberg Consensus estimate was 200,000 jobs and the headline total was 292,000. The unemployment rate was steady to 5.0%, the lowest since April 2008.
BLS Jobs Statistics at a Glance
- Nonfarm Payroll: +292,000 – Establishment Survey
- Employment: +485,000 – Household Survey
- Unemployment: -20,000 – Household Survey
- Involuntary Part-Time Work: -63,000 – Household Survey
- Voluntary Part-Time Work: +72,000 – Household Survey
- Baseline Unemployment Rate: +0.0 at 5.0% – Household Survey
- U-6 unemployment: +0.0 at 9.9% – Household Survey
- Civilian Non-institutional Population: +189,000
- Civilian Labor Force: +466,000 – Household Survey
- Not in Labor Force: -277,000 – Household Survey
- Participation Rate: +0.1 at 62.6 – Household Survey
Employment Report
Please consider the Bureau of Labor Statistics (BLS) Current Employment Report.
Total nonfarm payroll employment rose by 292,000 in December, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in several industries, led by professional and business services, construction, health care, and food services and drinking places. Mining employment continued to decline.
Unemployment Rate – Seasonally Adjusted
Nonfarm Employment Change from Previous Month by Job Type
Nonfarm Employment From Previous Year by Job Type…
