Employment Situation SummaryTotal nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today.
The change in total nonfarm payroll employment for October was revised from +243,000 to +261,000, and the change for November was revised from +321,000 to +353,000. With these revisions, employment gains in October and November were 50,000 higher than previously reported.
Another strong month of gains to cap off 2014. This, in addition to the positive revisions for the previous two months make it the strongest year of job growth since 1999. While some indicators did trend down during the month, the year as a whole was an undoubtedly positive one for the US economy.