Report shows job growth, dropping unemployment rate - Professional Carwashing & Detailing

Report shows job growth, dropping unemployment rate

WASHINGTON — Numbers show signs of recovering economy.

WASHINGTON — A new government report showed a decrease in unemployment and the creation of 252,000 jobs in December, according to the Charlotte Observer.

The report also said that 50,000 more jobs were added in October and November than it had originally projected, shared the article.

The unemployment rate dropped to 5.6 percent from 5.8 percent in November, noted the article. The decrease was partly due to some jobless people no longer looking for work.

Read also: Recovering economy means increasing wages for some

Despite these numbers, average hourly pay dropped five cents in December, stated the article.

The U.S. is experiencing its largest annual job gain since 1999, reported the article, with three million more workers in 2015 than at the start of 2014.

The Federal Reserve considers a 5.2 to 5.5 percent range unemployment rate as signs of a healthy economy, stated the article.

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