The Stock Market Is Not The Economy Thread II

**archibaldcrane** · 2022-01-06 12:24

Originally Posted by Roranora

i would like one unit of biden boom to come my way please and thank you

Should be job hunting rn if you aren't happy with what you earn

**Jaybar** · 2022-01-06 13:51

That sometimes requires moving residences, and we all know how easy that's going.

**archibaldcrane** · 2022-01-07 10:06

https://twitter.com/garyblack00/stat...QLH_mte3A&s=19

Only 199k added - not great
Previous 2 months revised up 141k - great
Unemployment down to 3.9% - wow

**6souls** · 2022-01-07 10:16

Originally Posted by archibaldcrane

https://twitter.com/garyblack00/stat...QLH_mte3A&s=19

Only 199k added - not great
Previous 2 months revised up 141k - great
Unemployment down to 3.9% - wow

https://finance.yahoo.com/news/decem...192453058.html

By industry, some of the services-related sectors hardest-hit initially by the pandemic saw muted hiring at the end of December. Leisure and hospitality jobs rose by 53,000 in the last month of the year, rising compared to November's gain of 41,000, but coming in well below the 211,000 seen in October.

Other industries saw a deceleration in hiring in December. Transportation and warehousing jobs rose by just under 19,000 during the month after a rise of more than 42,000 in November, while professional and business services positions rose by 43,000 after a gain of 72,000 during the prior month. Education and health services employment gains totaled 10,000, slowing from 14,000 in the prior period. Meanwhile, retail trade employers shed jobs for a back-to-back month.

In the goods-producing sector, both construction and manufacturing employment growth also slowed compared to December. Manufacturing jobs gains alone came in at 26,000, missing consensus estimates for a rise of 35,000.

The unemployment rate improved more than expected to 3.9%, or the best level since February 2020's 50-year low of 3.5% before the pandemic. And the labor force participation rate was upwardly revised by a tick to 61.9% for November and held at this level in December. The size of the civilian labor force remained lower by more than 2 million compared to pre-pandemic levels, however.