Posts Tagged ‘labor’

The good, the bad and the ugly: Looking at the newest job numbers

January 10, 2015

By Matthew E. Milliken
MEMwrites.wordpress.com
Jan. 10, 2015

On Friday morning, the Bureau of Labor Statistics released employment numbers for December 2014. Many commentators highlighted the positives: Unemployment dropped from 5.8 percent in November to 5.6 percent last month, and 252,000 new jobs were added, mostly in the private sector.

I’m no economist, but I thought that the data were mixed. Here’s my look at the good, the bad and the ugly from the latest BLS report:

• The good. Job creation fell slightly from November but was still strong. As Mother Jones blogger Kevin Drum is fond of reminding readers, about 90,000 new jobs are needed each month to keep up with population growth; even so, the remaining number of jobs, 162,000, is not too shabby.

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