Open Chat... All Day, Every Day! Express Your Views, Debate, and Challenge the Views of Others!

In order to keep up with the nature of free, spirited debate, I wanted to place the chat feature at the top of the homepage. This ensures people can come here and share their views on anything they wish and not have it be related to any specific discussion. Here, people can share ideas, links, and views "unmoderated" and an their own pace. To me, this makes The Elephant in the Room blog truly a place for debate.

Friday, January 4, 2013

The December 2012 Jobs Report

Here is the December 2012 employment situation report from the BLS:

Key Highlights:

- The unemployment rate remained flat at 7.8%*. Non-farm employers added 155,000 new jobs.

- The number of unemployed persons rose slightly to 12.2 million from 12 million in November.

- The civilian labor force participation rate remained unchanged at 63.6%. This number matches the all-time low rate observed in 1981 and September of this year.

- The "not in labor force" count (those who have no job and have stopped looking for work) decreased by 16,000 from 88,855,000 in November to 88,839,000 in December.

- The number of persons employed for part-time economic reasons (those that are considered part-time involuntary workers) dropped to 7.9 million in December from 8.2 million in November.

- Average hourly earnings rose by 7 cents. The 12-month average for hourly earnings have risen at a 2.1% yearly rate.

The change in total non-farm payroll employment for October was revised from +138,000 to +137,000, and the change for November was revised from +146,000 to +161,000.

* The original unemployment rate reported for November was 7.7%, but this was revised upward to 7.8% in this most recent report.

No comments:

Post a Comment