December Unemployment Holds Steady
The good news is unemployment didn’t increase; the bad news is it didn’t decrease either.
The U.S. Bureau of Labor Statistics estimates that 85,000 jobs were lost last month but the country’s unemployment rate held steady at 10 percent. About 15.3 million Americans are still estimated to be unemployed.
The temporary employment sector added 47,000 jobs in December while the health care sector increased by 22,000 jobs.
Construction, manufacturing and wholesale trade sectors lost jobs last month, including 53,000 jobs lost in construction. That sector has lost 1.6 million jobs since the recession began in December 2007.
Manufacturing jobs were down by 27,000 in December, bringing the total loss during the recession to 2.1 million.
An estimated 6.1 million Americans have been looking for a job for more than 26 weeks, while another 929,000 people are “discouraged workers,” meaning they are no longer looking for work.
WBJ Web Partners
Most Recent
Most Recent
0 Comments