The Corner

Today’s Jobs Report

We learned this morning that payroll employment for the month of December increased by 252,000, with private payrolls increasing by 240,000. Figures for October and November were revised up, bringing the average number of net new jobs over the three months ending in December to 289,000. That is solid. The unemployment rate declined by two tenths of a percentage point, now standing at 5.6 percent. This would normally be good news, but much of the decline came from workers leaving the labor force. More thoughts, in tweets.

https://twitter.com/MichaelRStrain/status/553551714918617088

https://twitter.com/MichaelRStrain/status/553546966626746368

https://twitter.com/MichaelRStrain/status/553547681940123649

https://twitter.com/MichaelRStrain/status/553548131275898880

https://twitter.com/MichaelRStrain/status/553548506657718274

https://twitter.com/MichaelRStrain/status/553548685200883712

https://twitter.com/MichaelRStrain/status/553548761054838784

https://twitter.com/MichaelRStrain/status/553549361037471744

https://twitter.com/MichaelRStrain/status/553552819589234688

https://twitter.com/MichaelRStrain/status/553553822896123904

https://twitter.com/MichaelRStrain/status/553557404412289024

— Michael R. Strain is deputy director of economic policy studies and resident scholar at the American Enterprise Institute. You can follow him on Twitter at twitter.com/MichaelRStrain.

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