{"id":173400,"date":"2023-01-06T08:54:57","date_gmt":"2023-01-06T15:54:57","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=173400"},"modified":"2023-01-06T08:54:57","modified_gmt":"2023-01-06T15:54:57","slug":"u-s-employers-added-223000-new-jobs-in-december-a-strong-showing-amid-slight-slowdown","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=173400","title":{"rendered":"U.S. Employers Added 223,000 New Jobs in December, a Strong Showing amid Slight Slowdown"},"content":{"rendered":"<pre><span style=\"font-family: georgia, palatino, serif;\">Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate\nedged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job\ngains occurred in leisure and hospitality, health care, construction, and social assistance.\n\nThis news release presents statistics from two monthly surveys. The household survey \nmeasures labor force status, including unemployment, by demographic characteristics. The\nestablishment survey measures nonfarm employment, hours, and earnings by industry. For more\ninformation about the concepts and statistical methodology used in these two surveys, see\nthe Technical Note.\n\n<strong>Household Survey Data<\/strong>\n\nThe unemployment rate edged down to 3.5 percent in December and has remained in a narrow \nrange of 3.5 percent to 3.7 percent since March. The number of unemployed persons edged \ndown to 5.7 million in December. \n\nAmong the major worker groups, the unemployment rate for Whites fell to 3.0 percent in \nDecember. The jobless rates for adult men (3.1 percent), adult women (3.2 percent), \nteenagers (10.4 percent), Blacks (5.7 percent), Asians (2.4 percent), and Hispanics (4.1 \npercent) showed little or no change over the month. \n\nThe number of long-term unemployed (those jobless for 27 weeks or more) declined by 146,000\nto 1.1 million in December. This measure is down from 2.0 million a year earlier. The long-\nterm unemployed accounted for 18.5 percent of all unemployed persons. \n\nThe employment-population ratio increased by 0.2 percentage point over the month to 60.1 \npercent. The labor force participation rate was little changed at 62.3 percent. Both measures\nhave shown little net change since early 2022. These measures are each 1.0 percentage point\nbelow their values in February 2020, prior to the coronavirus (COVID-19) pandemic. \n\nThe number of persons employed part time for economic reasons, at 3.9 million, changed little\nin December. These individuals, who would have preferred full-time employment, were working \npart time because their hours had been reduced or they were unable to find full-time jobs. \n\nThe number of persons not in the labor force who currently want a job fell by 352,000 to 5.2\nmillion in December and is little different from its February 2020 level of 5.1 million. \nThese individuals were not counted as unemployed because they were not actively looking for\nwork during the 4 weeks preceding the survey or were unavailable to take a job. \n\nAmong those not in the labor force who wanted a job, the number of persons marginally \nattached to the labor force declined by 231,000 to 1.3 million in December. These individuals\nwanted and were available for work and had looked for a job sometime in the prior 12 months\nbut had not looked for work in the 4 weeks preceding the survey. The number of discouraged \nworkers, a subset of the marginally attached who believed that no jobs were available for \nthem, numbered 410,000 in December, essentially unchanged from the previous month. \n\n\n<strong>Establishment Survey Data<\/strong>\n\nTotal nonfarm payroll employment increased by 223,000 in December. Notable job gains occurred\nin leisure and hospitality, health care, construction, and social assistance. Payroll \nemployment rose by 4.5 million in 2022 (an average monthly gain of 375,000), less than the \nincrease of 6.7 million in 2021 (an average monthly gain of 562,000). \n\nIn December, employment in leisure and hospitality rose by 67,000. Employment continued to \ntrend up in food services and drinking places (+26,000); amusements, gambling, and recreation\n(+25,000); and accommodation (+10,000). Leisure and hospitality added an average of 79,000\njobs per month in 2022, substantially less than the average gain of 196,000 jobs per month in\n2021. Employment in the industry remains below its pre-pandemic February 2020 level by \n932,000, or 5.5 percent.\n\nHealth care employment increased by 55,000 in December, with gains in ambulatory health care\nservices (+30,000), hospitals (+16,000), and nursing and residential care facilities (+9,000).\nJob growth in health care averaged 49,000 per month in 2022, considerably above the 2021\naverage monthly gain of 9,000.\n\nEmployment in construction increased by 28,000 in December, as specialty trade contractors\nadded 17,000 jobs. Construction employment increased by an average of 19,000 per month in \n2022, little different than the average of 16,000 per month in 2021.\n\nSocial assistance added 20,000 jobs in December. Employment in individual and family services\ncontinued to trend up over the month (+10,000). Job growth in social assistance averaged \n17,000 per month in 2022, compared with the 2021 average of 13,000 per month.\n\nEmployment in the other services industry continued to trend up in December (+14,000). \nMonthly job growth in other services averaged 14,000 in 2022, lower than the average of \n24,000 per month in 2021. Employment in other services is below its February 2020 level by \n174,000, or 2.9 percent. \n\nIn December, mining employment increased by 4,000, reflecting job growth in support\nactivities for mining (+5,000). Since a recent low in February 2021, mining employment has \ngrown by 104,000.\n\nEmployment in retail trade changed little in December (+9,000). Job growth in retail trade \naveraged 16,000 per month in 2022, less than half the average growth of 35,000 per month in \n2021.\n\nOver the month, employment in manufacturing changed little (+8,000), as job gains in durable\ngoods (+24,000) were partially offset by losses in nondurable goods (-16,000). In 2022, \nmanufacturing added an average of 32,000 jobs per month, little different than the average \nof 30,000 jobs per month in 2021.\n\nIn December, employment in transportation and warehousing changed little (+5,000). Air \ntransportation (+3,000) added jobs over the month, while employment continued to trend down \nin couriers and messengers (-4,000) and in warehousing and storage (-3,000). In 2022, average\njob growth in transportation and warehousing (+17,000) was about half the average job growth\nin 2021 (+36,000).\n\nIn December, government employment was essentially unchanged (+3,000). Employment in state \ngovernment education declined by 24,000, reflecting strike activity among university \nemployees.\n\nEmployment in professional and business services remained little changed in December \n(-6,000). Employment in temporary help services declined by 35,000 over the month and has \nfallen by 111,000 since July. Job growth in professional and business services averaged \n50,000 per month in 2022, roughly half of the average of 94,000 per month in 2021.\n\nOver the month, employment showed little change in other major industries, including \nwholesale trade, information, and financial activities.\n\nIn December, average hourly earnings for all employees on private nonfarm payrolls rose by \n9 cents, or 0.3 percent, to $32.82. Over the past 12 months, average hourly earnings have\nincreased by 4.6 percent. In December, average hourly earnings of private-sector production\nand nonsupervisory employees rose by 6 cents, or 0.2 percent, to $28.07. \n\nThe average workweek for all employees on private nonfarm payrolls declined by 0.1 hour to\n34.3 hours in December. In manufacturing, the average workweek for all employees was little\nchanged at 40.1 hours, and overtime declined by 0.2 hour to 2.9 hours. The average workweek\nfor production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 \nhour to 33.8 hours. \n\nThe change in total nonfarm payroll employment for October was revised down by 21,000, from\n+284,000 to +263,000, and the change for November was revised down by 7,000, from +263,000 \nto +256,000. With these revisions, employment gains in October and November combined were \n28,000 lower than previously reported. (Monthly revisions result from additional reports \nreceived from businesses and government agencies since the last published estimates and \nfrom the recalculation of seasonal factors.)<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance. This news release presents statistics from two monthly surveys. The household survey measures labor force [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-173400","post","type-post","status-publish","format-standard","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/173400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173400"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/173400\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}