Payroll employment rises by 156,000 in December; unemployment rate changes little (4.7%)
Source: U.S. Bureau of Labor Statistics
Payroll employment rises by 156,000 in December; unemployment rate changes little (4.7%)
Economic News Release USDL-17-0004
Employment Situation Summary
Transmission of material in this release is embargoed until 8:30 a.m. (EST) Friday, January 6, 2017
Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * https://www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * https://www.bls.gov/ces
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- DECEMBER 2016
Total nonfarm payroll employment rose by 156,000 in December, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in health care and social assistance.
__________________________________________________________________________________
Revision of Seasonally Adjusted Household Survey Data
Seasonally adjusted household survey data have been revised using updated seasonal
adjustment factors, a procedure done at the end of each calendar year. Seasonally
adjusted estimates back to January 2012 were subject to revision. The unemployment
rates for January 2016 through November 2016 (as originally published and as
revised) appear in table A, along with additional information about the revisions.
__________________________________________________________________________________
Household Survey Data
The unemployment rate, at 4.7 percent, and the number of unemployed persons, at 7.5 million, changed little in December. However, both measures edged down in the fourth quarter, after showing little net change earlier in the year. (See table A-1.)
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The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.8 million in December and accounted for 24.2 percent of the unemployed. In 2016, the number of long-term unemployed declined by 263,000. (See table A-12.)
The labor force participation rate, at 62.7 percent, changed little in December and was unchanged over the year. In December, the employment-population ratio was 59.7 percent for the third consecutive month; this measure showed little change, on net, in 2016. (See table A-1.)
The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers), at 5.6 million, was essentially unchanged in December but was down by 459,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
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Establishment Survey Data
Total nonfarm payroll employment rose by 156,000 in December, with an increase in health care and social assistance. Job growth totaled 2.2 million in 2016, less than the increase of 2.7 million in 2015. (See table B-1.)
Employment in health care rose by 43,000 in December, with most of the increase occurring in ambulatory health care services (+30,000) and hospitals (+11,000). Health care added an average of 35,000 jobs per month in 2016, roughly in line with the average monthly gain of 39,000 in 2015.
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In December, employment edged up in manufacturing (+17,000), with a gain of 15,000 in the durable goods component. However, since reaching a recent peak in January, manufacturing employment has declined by 63,000.
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In December, average hourly earnings for all employees on private nonfarm payrolls increased by 10 cents to $26.00, after edging down by 2 cents in November. Over the year, average hourly earnings have risen by 2.9 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $21.80. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for October was revised down from +142,000 to +135,000, and the change for November was revised up from +178,000 to +204,000. With these revisions, employment gains in October and November were 19,000 higher than previously reported. Over the past 3 months, job gains have averaged 165,000 per month.
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The Employment Situation for January is scheduled to be released on Friday, February 3, 2017, at 8:30 a.m. (EST).
Read more: https://www.bls.gov/news.release/empsit.nr0.htm
A gain of 156,000 is lackluster, but it is spot on with yesterday's ADP report.
Long rant to follow, maybe. I see that I have to add links by hand.
Good morning, DUers and Freepers alike. Yes, this is still a non-partisan OP. After that....
This is the last BLS unemployment report that will be released in an Obama administration. Contrast with where we were eight years ago.
[center]Facilities for Sensory Impaired[/center]
Information from this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
_____________
Go in through Google News to read articles in The Wall Street Journal. You can beat the paywall that way.
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5 Things to Watch in the December Jobs Report
http://blogs.wsj.com/briefly/2017/01/05/5-things-to-watch-in-the-december-jobs-report-4/
The Labor Department produces its year-end snapshot of the U.S. employment picture Friday. The December jobs report will be the first major data wrapping up 2016 and the economys performance under President Barack Obama. For the month, economists surveyed by The Wall Street Journal forecast a net gain of 183,000 jobs and an unemployment rate of 4.7%.
5 Jan 2017 6:50am By Eric Morath
Eric.Morath@wsj.com
@EricMorath
https://www.twitter.com/EricMorath
....
2 Obama's Legacy
If the economy added jobs in December, it would mark the 75th straight month of employment growth, extending the longest streak of gains on record back to 1939. But that consistency has come at a modest growth rate. Through November, total employment during President Barack Obamas term grew 8.3%. Thats a better growth rate than recorded during George W. Bushs time in office, but a much slower jobs expansion compared with those overseen by presidents Ronald Reagan and Bill Clinton.
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4 Watching Wages
Average hourly earnings rose 2.5% from a year earlier in November, a step back from stronger growth the prior two months. Other measures of compensation have been trending up this year, so Decembers wage measure will be watched for signs of a bounce back or of an emerging slowdown.
5 Sector Breakdown
Decembers report marks the first full month since Donald Trump was elected president. Watch which sectors responded by expanding and which may have laid off workers. Mr. Trump has made a point to preserve manufacturing jobs, but at the same time, industrial giants General Motors and Boeing announced layoff plans last month.
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Previously at DU:
Private hiring slows in December, jobs market still solid
http://www.democraticunderground.com/10141656206
Unemployment rate declines to 4.6% in November; payroll employment increases by 178,000
http://www.democraticunderground.com/10141629568
Payroll employment rises by 161,000 in October; unemployment rate changes little (4.9%)
http://www.democraticunderground.com/10141615960
Payroll employment increases by 156,000 in September; unemployment rate little changed...
http://www.democraticunderground.com/10141590296
Payroll employment increases by 151,000 in August; unemployment rate unchanged at 4.9%
http://www.democraticunderground.com/10141564165
For people who need a daily fix:
BLS-Labor Statistics Twitter feed
https://twitter.com/BLS_gov
Read tomorrow's news before it happens. Here's the schedule for all economic reports:
MarketWatch Economic Calendar
http://www.marketwatch.com/Economy-Politics/Calendars/Economic
= new reply since forum marked as read
Interesting about the November revision upwards.
As always, thanks for the monthly flurry to get this post out and updated! 
according to him.
So November unemployment went from 4.6 to December 4.7.
Thanks for saving all those jobs, jackass! 
