December Jobs +155,000 vs 160,000 Expectation, Rate 7.8% « Market Montage

December more or less in line.  Healthcare +45,000, food service +38,000, construction +30,000.  Healthcare continues to be the nexus of almost all job creation the past two decades, as education has slowed down.

Revisions previous two months updates 20,000.

Rate increased 0.1% as labor force participation rate flat at 63.6%.

The main upside is hourly earnings up 0.3%.  Average hours up 0.1.

Not much new here.  Economy is providing enough jobs to offset population growth, and incredibly low participation rate continues to suppress the unemployment rate.

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