Six Digit Employment Increase In December

Employment in December 2010 rose 103,000, knocking the unemployment rate down .4 percent to 9.4 percent, the Bureau of Labor Statistics reported today.

Since December 2009, the unemployment rate has fallen from 9.9 percent, then risen, then fallen again to its current level.

This is nowhere near what ADP had predicted but not an insignificant increase, especially compared to November’s disappointing gains.

Temporary help, healthcare, and hospitality all showed gains.

However.

Those jobless for 27 weeks or more numbered 6.4 million, or 44.3 percent of the unemployed.

Nearly 9 million workers were underemployed and 2.6 million were not working but not classified as unemployed.

That makes 26.1 unhappy, non-working folk.