US December unemployment holds at 3.7%
Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported.
Employment continued to trend up in government, health care, social assistance, and construction, while transportation and warehousing lost jobs.
Retail trade employment changed little in December (+17,000). Over the month,
employment increased in warehouse clubs, supercenters, and other general merchandise
retailers (+14,000); building material and garden equipment and supplies dealers
(+8,000); and automotive parts, accessories, and tire retailers (+4,000). These job
gains were partially offset by a job loss in department stores (-13,000). Retail
trade employment has shown little change, on net, since recovering in early 2022
from pandemic-related losses.
Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; and other services.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
