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Employment <br />10,000 <br />. 111 <br />0 <br />2,000 <br />0 <br />-2, 000 <br />-6,000 <br />s <br />-10,000 <br />O <br />2-14,000 <br />-22,000 <br />Nonfarm Payroll (000's) <br />28.0% <br />24.0% <br />20.0% <br />-70 16.0% <br />a <br />= 12.0% <br />8.0% <br />Non -farm Payroll (000's) <br />3 month average (000's) 4.0% <br />OPcz �dr1 ��� 7,g SPaZ OPcz dr� � SPa� OPc� <br />,q 9 9 O O O O <br />Source: US Department of Labor <br />0.0 % <br />Unemployment Rate <br />Underemployment Rate (U6) <br />O00- 21O"' ✓�'19 SPa1 OPc1 2fd''- ✓4V SOp� OPc� <br />� ,9 9 9 O O O O <br />Source: US Department of Labor <br />U.S. nonfarm payrolls declined by 140,000 in December. It was the first monthly decline in nonfarm payrolls since April of last year and came in <br />well below expectations for a 50,000 gain. The monthly decline was led by the leisure and hospitality sector which experienced a 498,000 net <br />decline in payrolls in December, along with modest declines in government jobs and education and health services. The unemployment rate <br />was unchanged in December at 6.7% and has improved significantly from the peak of 14.8% last April. Nevertheless, more than 10.7 million <br />people remain unemployed. Workers who classified themselves as employed but absent from work in December continued to understate the <br />unemployment rate by about 0.6%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and <br />employed part time for economic reasons, remained high but declined to 11.7% in December from 12.0% in November. The labor participation <br />rate was unchanged at 61.5% in December and remains well below pre -pandemic levels. <br />5 CJJ <br />12 <br />