December unemployment rate declines (6.7%);
payroll employment edges up (+74,000)
Last edited Fri Jan 10, 2014, 08:42 AM -
Source:
U.S. Bureau of Labor Statistics
The
unemployment rate declined from 7.0 percent to 6.7 percent in
December, while total nonfarm payroll employment
edged up (+74,000),
the U.S. Bureau of Labor Statistics reported today. Employment rose
in retail trade and wholesale trade but was down in information.
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| Revision of Seasonally Adjusted Household Survey Data
|
| Seasonally adjusted household survey data have been revised using updated
| seasonal adjustment factors, a procedure done at the end of each calendar
| year. Seasonally adjusted estimates back to January 2009 were subject to
| revision. The unemployment rates for January 2013 through November 2013
| (as originally published and as revised) appear in table A, along with
| with additional information about the revisions.
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Household Survey Data
The number of unemployed persons declined by 490,000 to 10.4 million
in December, and the unemployment rate declined by 0.3 percentage point
to 6.7 percent. Over the year, the number of unemployed persons and the
unemployment rate were down by 1.9 million and 1.2 percentage points,
respectively. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (6.3
percent) and whites (5.9 percent) declined in December. The rates for adult
women (6.0 percent), teenagers (20.2 percent), blacks (11.9 percent), and
Hispanics (8.3 percent) showed little change. The jobless rate for Asians
was 4.1 percent (not seasonally adjusted), down by 2.5 percentage points
over the year. (See tables A-1, A-2, and A-3.)
Among the unemployed, the number of job losers and persons who completed
temporary jobs decreased by 365,000 in December to 5.4 million. The number
of long-term unemployed (those jobless for 27 weeks or more), at 3.9
million, showed little change; these individuals accounted for 37.7 percent
of the unemployed. The number of long-term unemployed has declined by 894,000
over the year. (See tables A-11 and A-12.)
Read more:
Employment Situation Summary