Envisioning Employment, December 2012

by: Sold At The Top

Today’s Employment Situation Report indicated that in December, net non-farm payrolls increased, adding 155,000 jobs overall with the private non-farm payrolls sub-component, adding 168,000 jobs, while the civilian unemployment rate went flat at a revised 7.8% over the same period.

Net private sector jobs increased 0.15% since last month, climbing 1.73% above the level seen a year ago, but remained a whopping 3.04% below the peak level of employment seen in December 2007.