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_______________________________

Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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THE EMPLOYMENT SITUATION -- DECEMBER 2014 [9 January 2014]

http://www.bls.gov/news.release/empsit.nr0.htm

or

http://www.bls.gov/news.release/pdf/empsit.pdf

[full-text, 41 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/empsit.supp.toc.htm

 

 

Total nonfarm payroll employment rose by 252,000 in December, and the unemployment

rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today.

Job gains occurred in professional and business services, construction, food

services and drinking places, health care, and manufacturing.

----------------------------------------------------------------------

|                                                                      |

|       Revision of Seasonally Adjusted Household Survey Data          |

|                                                                      |

| Seasonally adjusted household survey data have been revised using    |

| updated seasonal adjustment factors, a procedure done at the end     |

| of each calendar year. Seasonally adjusted estimates back to         |

| January 2010 were subject to revision. The unemployment rates for    |

| January 2014 through November 2014 (as originally published and as   |

| revised) appear in table A, along with additional information about     |

| the revisions.                                                       |

  ----------------------------------------------------------------------

 

Household Survey Data

 

The unemployment rate declined by 0.2 percentage point to 5.6 percent in December,

and the number of unemployed persons declined by 383,000 to 8.7 million. Over the

year, the unemployment rate and the number of unemployed persons were down by 1.1

percentage points and 1.7 million, respectively. (See table A-1.)

 

Among the major worker groups, the unemployment rate for adult women (5.0 percent)

decreased by 0.2 percentage point in December, while the rates for adult men (5.3

percent), teenagers (16.8 percent), whites (4.8 percent), blacks (10.4 percent),

and Hispanics (6.5 percent) showed little change. The jobless rate for Asians, at

4.2 percent (not seasonally adjusted), changed little from a year earlier. (See

tables A-1, A-2, and A-3.)

 

In December, the number of long-term unemployed (those jobless for 27 weeks or

longer) was essentially unchanged at 2.8 million and accounted for 31.9 percent of

the unemployed. Over the year, the number of long-term unemployed has declined by

1.1 million. (See table A-12.)

 

The civilian labor force participation rate edged down by 0.2 percentage point

to 62.7 percent in December. Since April, the participation rate has remained

within a narrow range of 62.7 to 62.9 percent. In December, the employment-

population ratio was 59.2 percent for the third consecutive month. However, the

employment-population ratio is up by 0.6 percentage point over the year. (See

table A-1.)

 

The number of persons employed part time for economic reasons (sometimes referred

to as involuntary part-time workers) was little changed in December at 6.8 million.

These individuals, who would have preferred full-time employment, were working

part time because their hours had been cut back or because they were unable to

find a full-time job.  (See table A-8.)

 

In December, 2.3 million persons were marginally attached to the labor force,

little changed from a year earlier. (The data are not seasonally adjusted.) These

individuals were not in the labor force, wanted and were available for work, and

had looked for a job sometime in the prior 12 months. They were not counted as

unemployed because they had not searched for work in the 4 weeks preceding the

survey. (See table A-16.)

 

Among the marginally attached, there were 740,000 discouraged workers in December,

down by 177,000 from a year earlier. (The data are not seasonally adjusted.)

Discouraged workers are persons not currently looking for work because they believe

no jobs are available for them. The remaining 1.5 million persons marginally

attached to the labor force in December had not searched for work for reasons such

as school attendance or family responsibilities. (See table A-16.)

 

AND MUCH MORE...including TABLES....

 

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