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US Nonfarm Payroll and Unemployment Rate: Difference between revisions
US Nonfarm Payroll and Unemployment Rate (view source)
Revision as of 13:54, 5 January 2024
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|'''Previous''' | |'''Previous''' | ||
|'''Release Date''' | |'''Release Date''' | ||
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|2023 December | |||
|216K | |||
|170K | |||
|173K | |||
|3.70% | |||
|3.80% | |||
|3.70% | |||
|62.5% | |||
|62.8% | |||
|62.8% | |||
|January | |||
|- | |- | ||
|2023 November | |2023 November | ||
| Line 353: | Line 365: | ||
* The return of striking workers boosted the non-farm payrolls by 30,000, according to Bloomberg. | * The return of striking workers boosted the non-farm payrolls by 30,000, according to Bloomberg. | ||
* Job gains were led by healthcare (+77,000), government (+49,000), manufacturing (28,000) leisure and hospitality (40,000). | * Job gains were led by healthcare (+77,000), government (+49,000), manufacturing (28,000) leisure and hospitality (40,000). | ||
=== December === | |||
* Nonfarm payrolls increased by 216,000 in December<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>, exceeding November’s 173,000 (revised down from 199,000) and 170,000 estimate<ref>https://www.cnbc.com/2024/01/05/jobs-report-december-2023-payrolls-increased-by-216000-in-december.html</ref>. | |||
* Unemployment rate held steady at 3.7%, lower than 3.8% estimate. | |||
* Labor force participation rate fell to 62.5% from 62.8% in November, below expectations to be flat. | |||
* Average hourly earnings rose 0.4% on the month, higher than the 0.3% estimate (+0.4% previously). | |||
* Yearly, average hourly earnings rose 4.1%, higher than 3.9% estimate (+4.0% previously). | |||
* Job gains were led by government (+52,000), healthcare (+38,000), leisure and hospitality (+40,000), social assistance (+21,000) and construction (+17,000). | |||
== Developments Cyclical Sectors == | == Developments Cyclical Sectors == | ||