Monday, January 12, 2015

The Year in Jobs

The figures released by the Bureau of Labor Statistics on Friday were what we had gotten accustomed to in 2014: The economy added 252,000 jobs in December, meaning we added at least 140,000 jobs in every month of the year. All told, we added nearly 3 million jobs last year - the highest such figure since 1999.

We started 2014 with an unemployment rate of 6.7 percent. After the December report, it now stands at 5.6 percent. The rate peaked at 10.0 percent in October 2009; it hasn't been this low since June 2008.

The industry that added the most jobs in 2014 was what the BLS calls professional services, which includes such things as accounting and engineering. That category added 732,000 jobs last year. Hotels, restaurants and entertainment added 421,000 jobs. Construction added 290,000 jobs, and retail added 250,000 jobs.


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