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December’s job report saw a loss of 140,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. These changes are a reflection of the recent increase of COVID-19 cases. Employment rose in professional and business services, retail trade, and construction. Leisure and hospitality jobs declines.
December’s unemployment rate remained at 6.7%, same as November. The civilian labor force participation was 61.5%, unchanged from November.
The report found that in December, average hourly earnings for employees on private, nonfarm payrolls increased by 23 cents to was $29.81.