9 Jan 2015
Non-farm Payrolls increase by 252k, December revised upwards, unemployment rate declines to 5.6 percent
FXStreet (London) - Total non-farm payroll employment rose by 252K in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today.
The BLS reported that job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing.
The unemployment rate declined further than expected - down 0.2 percentage point to 5.6 percent in December, and the number of unemployed persons declined by 383,000 to 8.7 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.7 million, respectively.
In December, average hourly earnings for all employees on private nonfarm payrolls decreased by 5 cents to USD24.57, following an increase of 6 cents in November. Over the year, average hourly earnings have risen by 1.7 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees decreased by 6 cents to USD20.68.
The change in total nonfarm payroll employment for October was revised from +243K to +261K, and the change for November was revised from +321K to +353K. With these revisions, employment gains in October and November were 50K higher than previously reported.
The BLS reported that job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing.
The unemployment rate declined further than expected - down 0.2 percentage point to 5.6 percent in December, and the number of unemployed persons declined by 383,000 to 8.7 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.7 million, respectively.
In December, average hourly earnings for all employees on private nonfarm payrolls decreased by 5 cents to USD24.57, following an increase of 6 cents in November. Over the year, average hourly earnings have risen by 1.7 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees decreased by 6 cents to USD20.68.
The change in total nonfarm payroll employment for October was revised from +243K to +261K, and the change for November was revised from +321K to +353K. With these revisions, employment gains in October and November were 50K higher than previously reported.