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Comments on December Employment Report

The headline jobs number at 145 thousand for December was below consensus expectations of 160 thousand, and the previous two months were revised down 14 thousand, combined. The unemployment rate was unchanged at 3.5%.

Earlier: December Employment Report: 145,000 Jobs Added, 3.5% Unemployment Rate

In December, the year-over-year employment change was 2.108 million jobs including Census hires.

Seasonal Retail Hiring

Typically retail companies start hiring for the holiday season in October, and really increase hiring in November. Here is a graph that shows the historical net retail jobs added for October, November and December by year.

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