According to the data released by the US Bureau of Labor Statistics the unemployment rate rose 5 percent in USA in December 2007 and average hourly earnings rose by 7 cents.
The unemployment rate rose to 5.0 percent in December, while nonfarm payroll employment was essentially unchanged (+18,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job growth in several service-providing industries, including professional and technical services, health care, and food services, was largely offset by job losses in construction and manufacturing.
Average hourly earnings rose by 7 cents, or 0.4 percent.
Unemployment (Household Survey Data)
The number of unemployed persons increased by 474,000 to 7.7 million in
December and the unemployment rate rose by 0.3 percentage point to 5.0 percent.
A year earlier, the number of unemployed persons was 6.8 million, and the
jobless rate was 4.4 percent. (See table A-1.)
In December, unemployment rates rose for several major worker groups--adult men (to 4.4 percent), adult women (4.4 percent), whites (4.4 percent), and
Hispanics (6.3 percent). The unemployment rates for teenagers (17.1 percent) and blacks (9.0 percent) were little changed. The unemployment rate for Asians was 3.7 percent, not seasonally adjusted. Most major worker groups experienced increases in their jobless rates over the year. (See tables A-1, A-2, and A-3.)
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