Highlights: BLS December Employment Report
The Bureau of Labor & Statistics reports an unemployment rate of 4.1 percent in December – a continuation of the 17-year-low November unemployment rate.
Nonfarm payroll employment rose by 148,000 marking a payroll employment growth total of 2.1 million in 2017. The industries to receive the most job gains were health care (31,000 jobs), construction (30,000 jobs), and manufacturing (25,000 jobs).
While the unemployment rate of adult men and women remained largely unchanged, unemployment among new entrants (those who are unemployed and had never previously worked) decreased by 116,000.
Average hourly earning rose by $0.09 to $26.63, marking a 2.5% earnings growth since January. The average workweek remained unchanged at 34.5 hours.
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