Employment Situation Summary December, US

06 January 2023

Total nonfarm payroll employment increased by 223,000 in December, and the unemployment rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance. The employment-population ratio increased by 0.2 percentage point over the month to 60.1 percent. The labor force participation rate was little changed at 62.3 percent. In December, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $32.82. Over the past 12 months, average hourly earnings have increased by 4.6 percent.
Source:  U.S Bureau Labor Statistics
Post by: Republic of Türkiye Ministry of Trade