Posted by: youngragingbull | January 4, 2013

U.S. Job Report

The U.S. economy added 155,000 jobs in December, matching its two-year average, while the unemployment rate remained unchanged at 7.8%, the U.S. Labor Department reported Friday.

The unemployment rate, originally reported as 7.7% in November, was changed to 7.8% after the Labor Department’s annual revision conducted each December.

The number of new jobs created in November, meanwhile, was revised up to 161,000 from 146,000, while October’s figure was revised down to 137,000 from 138,000.

The largest increases in hiring in December occurred in health care, bars and restaurants, construction and manufacturing. The retail sector and government reduced employment.

Average hourly wages rose 7 cents, or 0.3%, to $23.73 while the average workweek edged up by 0.1 hour to 34.5 hours.

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  1. Reblogged this on vizualbusinessbd.


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