Unemployment flat at 7.8 percent in December
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.
