The US economy added 216,000 jobs in December, slightly more than expected, while the unemployment rate remained unchanged at 3.7%.
The latest figures confirm a surprisingly robust labor market, despite predictions of recession last year. The figures for the previous months of November and October were revised downwards by a total of 71,000 jobs, but still showed job growth. December’s numbers were also higher than expected, as analysts had forecast earnings of less than 200,000.
The figures showed an increase in employment in the entertainment sector as the sector recovers from two strikes. Employment in the film and sound recording sectors rose by 11,400 jobs to 463,000. After months of decline, manufacturing jobs started to rise again in November.
According to the Bureau of Labor Statistics, the biggest increases this month were in government, health care, Social Security and construction. The number of jobs in the transport and warehousing sector has fallen.
Average hourly wages rose 15 cents, or 0.4%, to $34.27. This revenue increased by 4.1% for the year.
There is more to come.
Source: Deadline
Mary Crossley is an author at “The Fashion Vibes”. She is a seasoned journalist who is dedicated to delivering the latest news to her readers. With a keen sense of what’s important, Mary covers a wide range of topics, from politics to lifestyle and everything in between.
