Unemployment rate holds steady at 3.5 percent – IOTW Report

Unemployment rate holds steady at 3.5 percent

Breitbart:

The U.S. economy added 145,000 jobs in December and the unemployment rate held steady at 3.5 percent, matching the lowest level in 50 years.

Economists had expected the economy to add 158,000 jobs and for unemployment to remain unchanged at 3.5 percent, according to Econoday. On Wednesday, ADP and Moody’s Analytics said the U.S. private sector added 202,000 jobs.

October and November were both revised down. October’s jobs figure was revised down 4,000 to 152,000. November’s figure was revised down 10,000 to 256,000.

Average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $28.32. Compared with a year ago, average hourly earnings have increased by 2.9 percent, slightly below the 3.1 pace seen in November. Average hourly earnings of private-sector production and nonsupervisory employees, at $23.79, were up by 2 cents. read more

5 Comments on Unemployment rate holds steady at 3.5 percent

  1. 3.5% unemployment is probably as good as it will get. I’m guessing that’s about the percentage of the population that don’t want to work, ain’t gonna work, and wouldn’t be worth a shit even if forced to work. In other words, damn near everybody that wants to work is working with DJT at the helm.

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  2. This figure also includes people who are temporarily between jobs because they are looking to improve their situation, and those who have moved to a new location and are just getting into the search mode. There will always be some “unemployed” who are in that transition mode.

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