Home News U.S. job cuts in December, higher than expected

U.S. job cuts in December, higher than expected

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WASHINGTON (Dow Jones) – The decline in employment in the U.S. is down to the end of 2009 more than expected. In November, was recorded based on revised data, however, the first increase in employment since the start of the recession two years ago, and the unemployment rate rose in December, contrary to expectations. (Photo: Buccino)

Observers believed this as a sign of a sustained recovery in the U.S. labor market.
As the U.S. Department of Labor announced on Friday, the number of persons employed outside agriculture back in December to 85,000. Economists polled by Dow Jones Newswires had a significantly lower body for December expected to decline by 10,000. A particularly strong rise in construction employment in the manufacturing and wholesale.
At the same time the figures for November were revised upward. The Ministry is now reported an increase in jobs of 4,000, after an initial decrease by 11,000 had been identified. For October showed the other hand, a slightly worse Development (revision of previously minus 127,000 minus 111,000).
Despite the unexpectedly high value, the December-Abwärtsdynamik slowed significantly in the labor market in recent months: In the fourth quarter decreased on average per month, only 69,000 jobs were lost after the first three months of last year, yet an average of 691,000 job losses recorded in the month had been.
Determined at a separate survey in December unemployment rate remained steady at 10.0% compared to the previous month. Economists had forecast a rise to 10.1% here. The average hourly wages increased by the further particulars, according to 18.80 USD. The average working week remained at 33.2 hours.

In the U.S. particularly important in the service industry 4,000 jobs were cut in December. The retail sector lost 10,000 jobs. More marked decreases were recorded in the body manufacturing (down 27,000) and construction (down 53,000). In the public sector employment fell by 21,000 compared with November.
On the other hand have been set up 22,000 jobs in health care, and also in temporary employment, which is seen by economists as a leading indicator of future trends, have created 47,000 new jobs.