BLS Summary 12.6.19
This last month the unemployment saw only a little change, a decrease of
0.1 percent, which now sits at 3.5%. December’s release also noted that
there were 266,000 jobs added, much more than 180,000 expected and
more than the 156,000 added in October.
Brian Coulton, the chief economist at Fitch, said in a
Yahoo Finance article,“Along with the upward revisions to earlier months, these numbers are telling us that job growth in the U.S. has stabilized.” The economist also
stated, “This highlights that conditions remain firmly in place for the
consumer and the service sector to cushion the economy from external risks
and related weakness in U.S. manufacturing.”
Average hourly earnings rose by 7 cents from October and have seen a 3.1
percent increase over the past 12 months.
The labor force participation rate saw little change at 63.2 percent in
November. Overall, the report showed an indication of labor stability as the
domestic labor market continued to fire on all cylinders.