By Kristy Scheuble
Jan. 9 (Bloomberg) -- Following is a summary of the December employment situation from the Labor Department.
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Dec. Nov. Oct. Sept. Aug. July 3-month
2008 2008 2008 2008 2008 2008 Average
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Unemployment rate 7.2% 6.8% 6.6% 6.2% 6.2% 5.8% 6.9%
Rate (3 decimals) 7.192% 6.775% 6.599% 6.204% 6.168% 5.767% 6.855%
Avg. hourly earnings 0.3% 0.4% 0.3% 0.2% 0.4% 0.3% 0.3%
Avg. weekly hours 33.3 33.5 33.5 33.6 33.7 33.7 33.4
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Nonfarm employment -524 -584 -423 -403 -127 -67 -510
Previous estimate n/a -533 -320 -403 -127 -67 n/a
Net Revision -154
Manufacturing -149 -104 -123 -69 -61 -40 -125
Previous estimate n/a -85 -104 -69 -61 -40 n/a
Household employment -806 -513 -372 -244 -323 -142 -564
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Dec. Nov. Oct. Sept. Aug. July 3-month
2008 2008 2008 2008 2008 2008 Average
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------------Monthly Change in Employment------------
Nonfarm employment -524 -584 -423 -403 -127 -67 -510
Total private -531 -581 -438 -384 -139 -106 -517
Goods-producing -251 -182 -201 -117 -70 -54 -211
Construction -101 -85 -79 -55 -20 -23 -88
Manufacturing -149 -104 -123 -69 -61 -40 -125
Service providing -273 -402 -222 -286 -57 -13 -299
Trade, transport -121 -164 -107 -121 -47 -38 -131
Retail trade -67 -100 -67 -76 -28 -22 -78
Information -20 -19 -6 -6 -4 -9 -15
Financial -14 -28 -27 -23 -10 -7 -23
Business services -113 -145 -81 -65 -50 -23 -113
Temporary help -81 -86 -54 -45 -38 -24 -73
Education, health 45 47 19 -4 62 44 37
Leisure, hospitality -22 -67 -30 -52 -16 -24 -40
Government 7 -3 15 -19 12 39 6
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Dec. Nov. Oct. Sept. Aug. July 3-month
2008 2008 2008 2008 2008 2008 Average
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----------------------Earnings-----------------------
Avg. hourly earnings $18.36 $18.31 $18.23 $18.17 $18.14 $18.06 $18.30
MOM% change 0.3% 0.4% 0.3% 0.2% 0.4% 0.3% 0.3%
YOY% change 3.7% 3.8% 3.6% 3.4% 3.6% 3.4% 3.7%
Avg. weekly earnings $611.39 $613.39 $610.71 $610.51 $611.32 $608.62 $611.83
MOM% change -0.3% 0.4% 0.0% -0.1% 0.4% 0.3% 0.0%
YOY% change 2.2% 2.9% 2.7% 2.8% 3.3% 3.1% 2.6%
--------------------Hours of Work--------------------
Total private 33.3 33.5 33.5 33.6 33.7 33.7 33.4
MOM% change -0.6% 0.0% -0.3% -0.3% 0.0% 0.0% -0.3%
Manufacturing 39.9 40.3 40.4 40.5 40.9 41.0 40.2
MOM% change -1.0% -0.2% -0.2% -1.0% -0.2% 0.0% -0.5%
Overtime 3.0 3.3 3.5 3.5 3.7 3.8 3.3
--------------------Aggregate Hours--------------------
Aggregate hours index 103.5 104.7 105.3 106.1 106.8 106.9 104.5
3-month annualized -7.7% -5.6% -3.4% -2.2% -1.8% -1.7% n/a
MOM% change -1.1% -0.6% -0.8% -0.7% -0.1% -0.1% -0.8%
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Dec. Nov. Oct. Sept. Aug. July 3-month
2008 2008 2008 2008 2008 2008 Average
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-----------Labor Force Status (thousands)-------------
Pool available labor 16,596 15,869 15,286 14,732 14,386 n/a 15,917
Level change 727 583 554 346 n/a n/a 621
Augmented Unemp. Rate 10.4% 9.9% 9.6% 9.2% 9.0% n/a 10.0%
Civilian labor force 154,447 154,620 154,878 154,621 154,823 154,506 154,648
Level change -173 -258 257 -202 317 106 -58
Participation rate 65.7% 65.8% 66.0% 66.0% 66.1% 66.1% 65.8%
Employment 143,338 144,144 144,657 145,029 145,273 145,596 144,046
Level change -806 -513 -372 -244 -323 -142 -564
Employment ratio 61.0% 61.4% 61.7% 61.9% 62.1% 62.3% 61.4%
Unemployment 11,108 10,476 10,221 9,592 9,550 8,910 10,602
Level change 632 255 629 42 640 248 505
Avg. duration (wks) 19.7 18.9 19.8 18.7 17.6 n/a 19.5
Median duration 10.6 10.0 10.6 10.3 9.3 n/a 10.4
Not in labor force 80,588 80,208 79,734 79,739 79,284 n/a 80,177
Level change 380 474 -5 455 n/a n/a 283
Job leavers 9.1% 8.9% 9.2% 10.1% 10.5% n/a 9.1%
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Dec. Nov. Oct. Sept. Aug. July 3-month
2008 2008 2008 2008 2008 2008 Average
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--------------------Diffusion Index--------------------
Private nonfarm 25.4 27.2 34.1 35.9 46.2 38.3 28.9
3-mo. average 28.9 32.4 38.7 40.1 42.3 42.3 n/a
Manufacturing 11.3 18.5 18.5 25.0 37.5 26.8 16.1
3-mo. average 16.1 20.7 27.0 29.8 31.6 33.9 n/a
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NOTE: All figures seasonally adjusted. Employment figures in thousands.
The augmented unemployment rate is the number of job wanters plus the number
unemployed divided by the labor force plus the number of job wanters.
To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net
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