Payrolls expanded by 228,000, ahead of consensus expectations, to leave 2017's
average monthly jobs gain at 174,000, not far off the 187,000 pace seen in 2016.
Despite steady demand from employers and brisk economic growth recently,
average monthly job gains slowed from 187,000 in 2016 as the 4.1 % unemployment rate meant fewer available workers.
With the Labor Department's announcement today that the U.S. economy added 155,000 jobs in December and that the unemployment rate held steady at 7.8 %, one comes to a depressing realization:
the average monthly job creation in 2012 of 153,000 jobs was exactly the same as it was in 2011.
And over the past 12 months, we've seen
average monthly job growth at 168,000, which is about what you'd expect given that kind of GDP growth.
Along with an upward revision to June's already - robust number, the latest figures left
average monthly job gains so far in 2017 at 185,000, close to the strong pace set in 2016.
Not exact matches
Overall, the industry fell 4,320
jobs short of the
average monthly growth for the last six months.
Total nonfarm payroll employment in June is in line with the
average monthly gain of 182,000
jobs over the prior 12 months.
The
job market is clearly on the path to full employment and solid
monthly gains are particularly evident once we
average out the
monthly volatility in the data... Read more
The
job market is clearly on the path to full employment and solid
monthly gains are particularly evident once we
average out the
monthly volatility in the data (see smoother below).
Still, O'Sullivan figures the government will announce 210,000 additional
jobs last month, surpassing the
monthly average of 174,000 through the first 11 months of 2017.
The economy added 146,000 in November, which was below this year's
monthly average of 151,000 gains, but well above the consensus expectation of a dismal 95,000
jobs gain.
We expect household
job growth will be sufficient to leave the unemployment rate unchanged at 4.3 %, but due to particularly unfavorable calendar effects, we estimate a 0.1 %
monthly rise in
average hourly earnings (+2.5 % year - over-year).
After all, the pace of
monthly job creation has
averaged 185k this year to date, which should more or less reflect the trend.
However, if you tend to take on season
jobs that result in much higher income during one part of the year, this will throw off your
monthly average.
That way, the person who does a better than
average job in limiting their carbon footprint, their fossil fuel use, would get more in this
monthly dividend that would be deposited electronically in their bank account, or on their debit card if they don't have a bank account.
WASHINGTON, DC
Average software engineer salary offer: $ 110,389
Average commute time: 29
Average monthly rent for a 1 bedroom apartment: $ 2,210 Median home price: $ 526,100 Projected 5 - year
job growth: 6 %
SEATTLE
Average software engineer salary offer: $ 128,268
Average commute time: 24
Average monthly rent for a 1 bedroom apartment: $ 1,750 Median home price: $ 537,000 Projected 5 - year
job growth: 3 %
LOS ANGELES
Average software engineer salary offer: $ 124,200
Average commute time: 28
Average monthly rent for a 1 bedroom apartment: $ 1,950 Median home price: $ 587,000 Projected 5 - year
job growth: 2 %
SAN FRANCISCO
Average software engineer salary offer: $ 135,853
Average commute time: 29
Average monthly rent for a 1 bedroom apartment: $ 3,420 Median home price: $ 1,150,000 Projected 5 - year
job growth: 1 %
DENVER
Average software engineer salary offer: $ 119,214
Average commute time: 24
Average monthly rent for a 1 bedroom apartment: $ 1,180 Median home price: $ 350,000 Projected 5 - year
job growth: 2 %
AUSTIN
Average software engineer salary offer: $ 115,035
Average commute time: 22
Average monthly rent for a 1 bedroom apartment: $ 1,180 Median home price: $ 328,000 Projected 5 - year
job growth: 7 %
SAN DIEGO
Average software engineer salary offer: $ 108,625
Average commute time: 22
Average monthly rent for a 1 bedroom apartment: $ 1,500 Median home price: $ 495,000 Projected 5 - year
job growth: 3 %
Job Responsibilities: Accountable for meeting and / or exceeding assigned sales objectives and
monthly revenue quotas, and building new revenue by selling telecommunications products and services to small and mid-market (SMB) accounts with an
average telecom spend of $ 500 - $ 5,000 / month.
An
average of 125,000 new
jobs were created
monthly through October this year, down 34 % from last year.
On the employment front, the March employment report showed weakening momentum, as the economy created just 120,000
jobs — less than half of the
average monthly gain over the prior three months and the smallest gain in five months.
The Group expects the unemployment rate to trend down to about 7.5 percent by the end of 2013, with a
monthly average gain of approximately 190,000
jobs during 2012 and slightly stronger gains during 2013.
Fortunately,
job growth continues to improve, at least based on year - to - date figures from the Bureau of Labor Statistics, relative to
monthly averages from 2012 and 2013.
Nonetheless, the recent
average monthly employment gain stands at 200,000
jobs, so a pickup in GDP should lead to more robust
job growth.