New numbers released by the Bureau of Labor Statistics this morning show that the American economy added 252,000 nonfarm private jobs in December 2014. The unemployment rate fell to 5.6 percent, from 5.8 percent in November.
The December numbers beat the 230,000 new jobs economists were expecting, as well as average job growth over the past 11 months. The November numbers were also revised upwards this morning to 353,000, and October's to 261,000, meaning 50,000 more jobs were gained than initially reported between the two months.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
As the left-leaning Economic Policy Institute put it, the recovery for most Americans did not even begin until 2014, when the unemployment and the long-term unemployment rates both clocked in modest but sustained declines, and job growth strengthened along with the employment-to-population ratio.
-
6 homes for entertainingFeature Featuring a heated greenhouse in Pennsylvania and a glamorous oasis in California
-
Obesity drugs: Will Trump’s plan lower costs?Feature Even $149 a month, the advertised price for a starting dose of a still-in-development GLP-1 pill on TrumpRx, will be too big a burden for the many Americans ‘struggling to afford groceries’
-
The ‘Kavanaugh stop’Feature Activists say a Supreme Court ruling has given federal agents a green light to racially profile Latinos
-
Ecuador rejects push to allow US military basesSpeed Read Voters rejected a repeal of a constitutional ban on US and other foreign military bases in the country
-
Trump pivots on Epstein vote amid GOP defectionsSpeed Read The president said House Republicans should vote on a forced release of the Justice Department’s Jeffrey Epstein files
-
Trump DOJ sues to block California redistrictingSpeed Read California’s new congressional map was drawn by Democrats to flip Republican-held House seats
-
GOP retreats from shutdown deal payout provisionSpeed Read Senators are distancing themselves from a controversial provision in the new government funding package
-
Catholic bishops rebuke Trump on immigrationSpeed Read ‘We feel compelled’ to ‘raise our voices in defense of God-given human dignity,’ the bishops said
-
House releases Epstein emails referencing TrumpSpeed Read The emails suggest Trump knew more about Epstein’s sex trafficking of underage women than he has claimed
-
Newsom slams Trump’s climate denial at COP30speed read Trump, who has called climate change a ‘hoax,’ declined to send any officials to this week’s summit
-
UK, Colombia halt intel to US over boat attacksSpeed Read Both countries have suspended intelligence sharing with the US over the bombing of civilian boats suspected of drug smuggling
