Friday, January 07, 2011

Envisioning Employment: Employment Situation December 2010

Today’s Employment Situation Report showed that in December, net nonfarm payrolls increased by 103,000 while private nonfarm payrolls added 113,000 as the unemployment rate declined to 9.4%.

It's important to note that private sector job creation increased 0.10% since last month remaining a whopping 6.16% below the peak level of employment seen in December 2007 though, on a year-over-year basis, private jobs showed a notable increase of 1.26%.