BLS Releases December 2017 Employment Situation (Jan 2018)
Employers added 148,000 nonfarm payroll jobs in December of 2017, according to the Bureau of Labor Statistics. The unemployment rate was unchanged at 4.1 percent.
Job gains occurred in construction, manufacturing, and health care. The number of jobs in construction increased by 33,000 over the month, while manufacturing gained 25,000 jobs and health care gained 31,000 jobs.
Job growth in October 2017 was revised to 211,000, down from the initially estimated 244,000. Over the past three months, job growth has averaged 204,000 additions a month.
Average hourly earnings rose by nine cents to $26.63. Over the year, average hourly earnings have risen 2.5 percent.
The full BLS press release on the December 2017 employment situation can be accessed in the link below:
The next employment situation report for January 2018 will be released on Friday, February 2, 2018.