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The U.S. economy finished the year with a red-hot hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.
The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China and modest overall growth at home.
In all, the nation added 2.65 million jobs in 2015, the second-best year for hiring since 1999 and one that improved markedly in the last quarter. The economy added an average of 284,000 new monthly positions between October and December; in the first three-quarters of the year, the monthly pace was 200,000. Wage growth remains tepid, but the unemployment rate stands at its lowest point in more than seven years.
In a sign of confidence in the economy, the Federal Reserve in December raised interest rates for the first time in nearly a decade, removing the easy terms of borrowing that had helped stimulate the economy. The Fed’s 10-member voting committee said in meeting minutes released this week that the labor market, though still shy of its full potential, showed “further improvement” and “confirmed that underutilization of labor resources had diminished appreciably since early this year.”
The jobs data from December showed a labor market that is steadily growing but providing only modest wage gains to employees. Last month the average hourly wage fell by a penny, to $25.24. Since one year ago, wages are up 2.5 percent — below the pace from before the Great Recession, but a tick above the crawling pace maintained throughout much of the recovery. If there’s any consolation, it stems from lower oil prices, which have helped to push down the inflation rate while increasing the purchasing power for consumers.
lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?
Why would it mean that? "Jobs added" is the NET CHANGE...If 292,000 jobs were added...
... and the unemployment rate stayed steady...
... then that must mean 292,000 people lost their jobs as well.
Employment usually goes down in December, not up. And the official numbers are adjusted to account for seasonal hiring. And the 94 million are those not trying to work, so is mostly independent of the labor market.lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?
How low the bar is...Putting aside all of the partisan crap, we're doing quite well.
U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent
The U.S. economy finished the year with a red-hot hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.
The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China and modest overall growth at home.
In all, the nation added 2.65 million jobs in 2015, the second-best year for hiring since 1999 and one that improved markedly in the last quarter. The economy added an average of 284,000 new monthly positions between October and December; in the first three-quarters of the year, the monthly pace was 200,000. Wage growth remains tepid, but the unemployment rate stands at its lowest point in more than seven years.
In a sign of confidence in the economy, the Federal Reserve in December raised interest rates for the first time in nearly a decade, removing the easy terms of borrowing that had helped stimulate the economy. The Fed’s 10-member voting committee said in meeting minutes released this week that the labor market, though still shy of its full potential, showed “further improvement” and “confirmed that underutilization of labor resources had diminished appreciably since early this year.”
The jobs data from December showed a labor market that is steadily growing but providing only modest wage gains to employees. Last month the average hourly wage fell by a penny, to $25.24. Since one year ago, wages are up 2.5 percent — below the pace from before the Great Recession, but a tick above the crawling pace maintained throughout much of the recovery. If there’s any consolation, it stems from lower oil prices, which have helped to push down the inflation rate while increasing the purchasing power for consumers.
And still fewer claims than any time since the 1990's
lets see the month of December. they do hire more PART timers for that month during Christmas. that really put a dent in that 94Million people out of work eh?
There will be an underclass who has no education or skills who think they are owed a job, they existed before president Obama was elected and they will exist no matter who is president, you should know that steph
And still fewer claims than any time since the 1990's
And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
No, it doesn't have anything to do with initial unemployment insurance claims. What do you think the connection is?And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
The UE is 5%.Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation
The UE is 5%.Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation
Bureau of Labor Statistics Data
ok, what percent of those who either worked in December or tried to work in December are you claiming failed to get hired?Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation
Yes, BLS data is false because...?The UE is 5%.Anyone who uses that number is a dishonest fool.And still fewer claims than any time since the 1990's
Yeah that 90+ million out of the workforce doesn't mean a thing does it?
Anyone that thinks the unemployment rate is 5% is a dishonest fool. It's clear you're yet another Obama apologist and to be honest I'm sick of you ignorant fools. You're too stupid to live and what ails this nation
Bureau of Labor Statistics Data
You're a dupe....run along now. I'm weary of people that are incapable of thinking for themselves
