The Department of Labor issued its jobs report for December today, noting that employers added 148,000 non-farm jobs last month, but the unemployment rate stagnated at 4.1%. Employment gains were largely in healthcare, construction, and manufacturing.
Labor force participation was unchanged at 62.7%. Employment-to-population, at 60.1%, was unchanged sequentially but was up year over year in December by 0.3%.
Average hourly earnings for all employees on private, non-farm payrolls sequentially increased $0.09 to $26.63. Year over year, average hourly earnings have increased by $0.65, or 2.5%.