Dean Baker (2022-01-08). Cheap Fun Saturday: Job Growth Under Biden and Trump. cepr.net The December job report again showed an extraordinary divergence between the establishment survey and the household survey. The establishment survey showed the economy creating just 199,000 jobs, while the household survey showed a growth in employment of 651,000, pushing the unemployment rate down by 0.3 percentage points to 3.9 percent, a level achieved at few …

Owen Fairclough (2022-01-08). U.S. unemployment rate in December falls to pandemic low. america.cgtn.com U.S. unemployment has fallen to the lowest level since the pandemic began and after a year of what the Biden administration calls record job gains. Even though December's employment increase fell far short of expectations, many analysts say the economy is in good shape. …

Karen Conner (2022-01-07). Unemployment Falls to 3.9 Percent; Wage Growth Remains Strong. cepr.net The 3.9 percent December unemployment rate is better than all but five months in the 1990s boom. | The unemployment rate fell another 0.3 percentage points in December, bringing the unemployment rate down to 3.9 percent. This is lower than all but five months in the late 1990s boom and the period between May 2018 and the pandemic. | At the same time, the establishment survey showed a weaker than expected increase in 199,000 jobs; although the prior two months figures were revised upward by a total of 141,000. With the upward revisions, the average growth for the last three months was 365,000. | Overall employment…

Dean Baker (2022-01-07). Unemployment Falls, Wages Grow for Most Disadvantaged in Strong Jobs Report. truthout.org The unemployment rate fell another 0.3 percentage points in December, bringing the unemployment rate down to 3.9 percent. This is lower than all but five months in the late 1990s boom and the period between May 2018 and the pandemic. | At the same time, the establishment survey showed a weaker than expected increase in 199,000 jobs; although the prior two months figures were revised upward by a total of 141,000. With the upward revisions, the average growth for the last three months was 365,000…