Everything You Need to Know About December Labor Stats

Initial Reaction

The establishment survey report of +155,000 jobs was about what most expected.

However, beneath the surface, this report looks weak.

The household survey shows a gain of a mere 28,000 jobs. The unemployment rate stayed the same although the number of people unemployed rose by 164,000.

December BLS Jobs Report at a Glance

• Payrolls +155,000 - Establishment Survey
• US Employment +28,000 - Household Survey
• Involuntary Part-Time Work -220,000 - Household Survey
• Baseline Unemployment Rate +.00 at 7.8%...