Jobs
Analysis: December Jobs Report the Worse Since 2011
WASHINGTON DC. The Bureau of Labor Statistics (BLS.gov) released the December 2013 jobs report Friday, January 10th. We look at not only at the low job numbers, but review the trend of what the economic labor picture really looks like.
The government reported that 74,000 new non-farm jobs were created last month. Economists expecting 193,000 new jobs. This is the lowest number of new jobs created since 2011.
Temporary jobs fell by 365,000 in December. These 365,000 people were not counted as “unemployed,” nor are they factored in the overall 74,000 gain in jobs picture, which would then show a LOSS of 291,000 jobs in December using this calculation…read more…