Looks like construction hiring is starting to kick in. We’ll post something more on this later today.
The BLS reported this morning,
Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in ealth care, food services and drinking places, construction, and manufacturing…
The civilian labor force participation rate held at 63.6 percent in December. The employment population ratio, at 58.6 percent, was essentially unchanged over the month.
(click here if charts are not observable)