Economy Gains 145,000 Jobs in December; Unemployment Unchanged at 3.5%

Economy Gains 145,000 Jobs in December; Unemployment Unchanged at 3.5%

The U.S. economy gained 145,000 jobs in December, and the unemployment rate was essentially unchanged at 3.5%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics (BLS). Preliminary data from BLS also shows, for the first time since 2010, the majority of workers on U.S. payrolls are women, underscoring the importance of addressing the gender wage gap.

In response to the December job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in retail trade (41,000), leisure and hospitality (40,000), and health care (28,000). Mining lost jobs (-8,000). Employment in other major industries—including construction, manufacturing, financial activities, transportation and warehousing, wholesale trade, information, professional and business services, and government—showed little change over the month.

Among the major worker groups, the unemployment rates for teenagers (12.6%), blacks (5.9%), Hispanics (4.2%), adult men (3.1%), whites (3.2%), adult women (3.2%) and Asians (2.5%) showed little or no change in December.

The number of long-term unemployed (those jobless for 27 weeks or more) was unchanged in December and accounted for 20.5% of the unemployed.

Dennis Loney
Fri, 01/10/2020 – 13:11

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Updated: February 4, 2020 — 12:54 pm