US Bureau of Labor Statistics Releases Latest Employment Situation Summary

Construction by Mohammad M.Ammar

The United States Bureau of Labor Statistics released on January 10, 2020 its latest Employment Situation Summary, which contains employment statistics up to and including December 2019.

Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in retail trade and health care, while mining lost jobs.

US Bureau of Labor Statistics, January 2020

This continues the trend of employment which has continued since 2009 and has stayed at 50-year record lows. The unemployment rates by race and by gender were equally unaffected, and average hourly earnings have increased slightly.

This news comes as the Fed added $83.1 billion in liquidity to financial markets as stock markets continue to rise and the Fed’s balance sheet rises over $4.4 trillion, amid concerns over whether the current growth trend can be sustained.

Stocks dipped in trading slightly as the job data was not as strong as expected, with some markets coming off an all time high. Uncertainty around a China trade deal and instability in the Iran region have created some concerns over future trading.