Friday, January 6, 2012

Employment Outlook Shows Improvement

Nonfarm payrolls increased 200,000 in December, the Labor Department said on Friday. It was the biggest rise in three months and beat economists' expectations for a 150,000 gain.
The unemployment rate dropped from a revised 8.7 percent in November to its lowest level since February 2009.
I have not yet seen the ADP numbers which I have long maintained are the most reliable. Also, to keep even with the growth of the employee work force, approximately 125,000 to 150,000 new jobs need to be created each month. The 200,000 number obviously beats that.


Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More

Powered by Blogger