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December Jobs Report: Everything You Need to Know
Hcareers / JANUARY 08 2021
Summary

The December jobs report announced that unemployment is at 6.7%, showing no increase or decrease from the November jobs report. 

Employment declined by 140,000 jobs total this month. This decrease reflects the rise in COVID-19 cases around the world. We are still seeing 10.7 million persons unemployed. Although it is much lower than the April totals, we are still currently at double the pre-pandemic unemployment numbers.

Employment in leisure and hospitality declined by 498,000 in December, with 372,000 being specific to foodservice and drinking places. The unemployment rate is at 16.7%, which increased by 1.7% from 15.0% reported in November. 

From the Bureau of Labor Statistics

The number of temporary layoffs – or furloughs – is at 3.0 million, which increased by 277,000 in December. This number is down considerably from 18.1 million in April but is still 2.3 million higher than it was in February. 

15.8 million persons reported in December, that they had been unable to work because their employer closed or lost business due to the pandemic. This includes those that did not work at all and those who worked fewer hours. 

The Department of Labor reported that another 787,000 workers filed for unemployment the week of January 2nd. 

If you are looking for a new career opportunity, we are adding new entry-levelmid-level and senior-level positions as they become available.