December’s job report saw a gain of 199,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure and hospitality, in professional and business services,
in manufacturing, in construction, and in transportation and warehousing.
December’s unemployment rate declined to 3.9%, down from 4.2% in November. The civilian labor force participation is 61.9%, unchanged from November, but remains 1.5% lower than in February of 2020.
The report found that average hourly earnings for employees on private, nonfarm payrolls rose by 19 cents to $31.31. Over the past 12 months, average hourly earnings have increased by 4.7%.