Employment Situation

According to information provided by U.S. Bureau of Labor Statistics, last month (in December) nonfarm payroll employment edged down -85,000. The unemployment rate was unchanged at 10.0 percent. The report from BLS with information about lost 85,000 jobs in December disappointed economists, most of then had been expecting a decline of 10,000 jobs.

*The Bureau of Labor Statistics (BLS) is a unit of the United States Department of Labor, BLS is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics. Definition from: Wikipedia.