U.S. employment
The nation in December added 256,000 jobs based on seasonally adjusted figures, far above economists’ predictions.
BLS said 212,000 jobs were added in November, downwardly revised from the 227,000 jobs reported a month ago.
BLS said 43,000 jobs were added in October, upwardly revised from the 36,000 jobs reported a month ago. The October figure was weighed down by furloughs of workers displaced by two hurricanes and by a strike at airplane manufacturer Boeing.
BLS monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.
Over the past six months, the average monthly increase was 165,000 jobs. Growth over the past three months averaged 170,000 jobs, up from 159,000 jobs in the previous three months.
December’s increase marked 48 consecutive months of job gains, an uninterrupted winning streak that began in January 2021, which was the month that President Joe Biden took office.
The last monthly job loss, a decline of 243,000 jobs, occurred in December 2020, which was the final full month of President Donald Trump’s first term.
Assuming January 2025 ends up with a job increase, there will have been a job gain every month Biden was in office. Biden would be the first president in modern times to achieve that unbroken record of monthly job gains, according to Ad Age Datacenter’s analysis of a BLS job-growth data set going back to 1939, including presidents who served less than one term, one full term or two full terms.
Ad Age All Access subscribers can download a spreadsheet showing advertising employment back to 2000 at AdAge.com/adjobs.