Unemployment flat at 7.8 percent in December

Unemployment went flat at 7.8 percent in December with non-farm payrolls adding 155,000 jobs overall. Private non-farm payrolls sub-component added 168,000 jobs.

This chart shows total private nonfarm payrolls since 2001. Unemployment went flat at 7.8 percent in December 2012.

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.

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