Back 

National Employment Monthly Update

National Employment Monthly Update

1/9/2015

Unemployment Drops to 5.6 Percent in December 2014

The unemployment rate for December dropped to 5.6 percent, the lowest it has been since June 2008, and down by 0.2 percentage points from November.

Approximately 252,000 jobs were created in December, above average for the year. The monthly average for job growth in 2014 was 246,000 new jobs per month, well above the monthly rate for 2013, which averaged 194,000 new jobs per month.

The number of unemployed workers for December was 8.7 million, down by 383,000 from November. Over the year, the unemployment rate dropped by 1.1 percentage points and the number of unemployed declined by 1.7 million workers.

Business sectors seeing job growth for December included business and professional services, construction, leisure and hospitality, health care, manufacturing, and wholesale trade. Employment in the retail trade, transportation, mining and government sectors remained steady.

Unemployment data for January will be released on Friday, February 6, 2015.

U.S. Dept. of Labor, Bureau of Labor Statistics Press Release

 National Unemployment Rates,  2008 - 2014

   Jan.  Feb.  Mar.  April  May  June  July  Aug.  Sept.  Oct.  Nov.  Dec.
 2014   6.6   6.7   6.7   6.3   6.3   6.1   6.2   6.1   5.9    5.8    5.8    5.6
 2013   7.9   7.7   7.5   7.5   7.5   7.5   7.3   7.2   7.2    7.2    7.0    6.7
 2012   8.3   8.3   8.2   8.1   8.2   8.2   8.2   8.1   7.8    7.9    7.8    7.8
 2011   9.0   8.9   8.8   9.0   9.1   9.2   9.1   9.1   9.1    9.0    8.6    8.5
 2010   9.7   9.7   9.7   9.9   9.7   9.5   9.5   9.6   9.6    9.6    9.8    9.4
 2009   7.6   8.1   8.5   8.9   9.4   9.5   9.4   9.7   9.8  10.2  10.0  10.0
 2008   4.9   4.8   5.1   5.0   5.5   5.6   5.8   6.2   6.2    6.6    6.8    7.2

 Source: Bureau of Labor Statistics

Share this: 
NCSL will help you Shine
New Members Welcome
We are the nation's most respected bipartisan organization providing states support, ideas, connections and a strong voice on Capitol Hill.

NCSL Member Toolbox

Denver

7700 East First Place
Denver, CO 80230
Tel: 303-364-7700 | Fax: 303-364-7800

Washington

444 North Capitol Street, N.W., Suite 515
Washington, D.C. 20001
Tel: 202-624-5400 | Fax: 202-737-1069

Copyright 2015 by National Conference of State Legislatures