Employment Situation Report - Good News Friday

Better News On the Way

Employers continue to hire cautiously according to this morning’s Employment Situation report from the Bureau of Labor Statistics showing a gain of 103,000 net new payroll jobs last month. The leisure and hospitality sector added 47,000 followed by education and health services with 44,000. The totals for October and November were revised up by 70,000. The unemployment rate, calculated from a different survey, plunged from 9.8 percent to 9.4 percent, which certainly is good news except that it is volatile in normal times and particularly so around the holidays due to seasonal adjustment issues.