Friday, January 7, 2011

December Unemployment

Bureau of Labor Statistics logo RGB colors.Image via Wikipedia
The Bureau of Labor Statistics has released the monthly Employment Situation Report (link will break in a month). Here are some interesting quotes from it:
  • "...nonfarm payroll employment increased by 103,000, the U.S. Bureau of Labor Statistics reported today"
  • "The civilian labor force participation rate edged down in December to 64.3 percent"
Got that? 100k jobs were created in December, but the labor force participation rate edged down. Here's another quote from the report: "Among the marginally attached, there were 1.3 million discouraged workers in December, an increase of 389,000 from December 2009."

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