BLS: Economy Adds 200,000 Jobs in December

by CoyDavidson on January 6, 2012

The economy added 200,000 jobs in the month, the Bureau of Labor Statistics reported Friday, closing out the year with 1.6 million jobs gained in 2011.

Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.  Over the past 12 months, nonfarm payroll employment has risen by 1.6 million. Employment in the private sector rose by 212,000 in December and by 1.9 million over the year. Government employment changed little over the month but fell by 280,000 over the year.

The job market still has a long way to go to recover from jobs losses associated with the last recession. About 8.8 million jobs were lost since 2008, and less than a third of those have been gained back.

Jobs Report December 2011

Previous post:

Next post:

Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.