Jobs report for Decenmber: Excellent

People in the know,  predicted 180,000 jobs for December.  The actual number is 200,000.  The participation rate came in at 62.7%,  the lowest in more than 30 years.  The U6 unemployment rate is 8.2% (U6 is the rate of unemployment for those seeking full and parttime work  . . . .   the U3 rate of 4.1% remains the same). 

average work week came in at 34.3 hours; wages up 2.9% from a year ago, fastest growth rate since early 2009; Construction unemployment has dropped from 9.4% to 7.3%  (36,000 construction jobs added in December);  

black unemployment rose from 6.8% to 7.7%, white unemployment 3.5%,  Hispanic 5% up from 4.9%,   Asian unemployment rose to 3% from 2.9%.  Note: the increases in minority unemployment was expected due to the fact that the rules for measurement changed from previous months and December.   



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