Unemployment rises in December 2016

The U.S. unemployment rate rose from 4.6 percent in November 2016 to 4.7 percent in December 2016 as U.S. employers added 156,000 jobs, according to The Washington Post. Economists were expecting to add 180,000 jobs.

Additionally, October 2016 and November 2016 employment gains were revised up by 19,000; October 2016 employment gains were revised down from 142,000 to 135,000, and November 2016 employment gains were revised up from 178,000 to 204,000.

In December 2016, the health care sector added 43,000 jobs; manufacturing sector added 17,000 jobs; professional and business services sector added 15,000 jobs; transportation and warehousing sector added 15,000 jobs; and financial activities sector added 13,000 jobs.

The construction, leisure and hospitality, retail and government sectors basically were unchanged.

December 2016 marked the 75th straight month of job growth, which is the most extended streak the U.S. has experienced since 1939.

There currently are 7.5 million unemployed people in the U.S.

Date : 1/6/2017


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