Unemployment Drops, 220,000 Jobs Added
✉️ Want to forward this article? Click here.
The economic news that has people smiling today is that the country added 220,000 jobs in December and the unemployment rate dropped to 8.5 percent, its lowest level in three years.
When the unemployment rate fell in November, a number of analysts noted that the drop was as much a result of people leaving the labor force as it was folks finding new jobs. The optimistic news being reported today, however, is more a result of the latter.
From The Wall Street Journal:
In December, the household [unemployment] survey showed the number of people employed rose by 176,000, as the population increased by 143,000 over the month. So even though the labor force — the number of people working or looking for work — fell by 50,000, job growth is outpacing the increase in the population.
Coupled with today’s good news, is a report that the U-6 jobs measure — a tool that gauges the number of people working part time and those marginally attached to the labor force — fell to 15.2 percent in December from 15.6 percent in November. In late December, the Bureau of Labor Statistics reported that the unemployment rate in DC proper dipped to 10.6 percent from 11 percent in October.
See other articles related to: unemployment
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/good_news_unemployment_drops_220000_jobs_added/4872.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
The new project is just the latest affordable development to move forward in DC.... read »
The new plans for the development along 11th Street continue to move forward.... read »
In the spring of 2023, the Arlington County Board voted unanimously to approve allowi... read »
The new development, designed by KGD Architecture, would take the place of a two-stor... read »
- Understanding Rental Restrictions in Condominiums
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Plans Filed For 65-Unit Affordable Development In U Street Corridor
- Court Decision Overturns Missing Middle Ordinance in Arlington
- Jair Lynch Pitches 110-Unit Affordable Development Along Columbia Pike
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro