ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

140,000 Jobs Lost in December

January 8, 2021
Reading Time: 1 min read

Total nonfarm payroll employment declined by 140,000 in December, according to the Bureau of Labor Statistics. Total unemployed persons were unchanged at 10.6 million in December. Unemployment was unchanged at 6.7%.

Job losses in leisure and hospitality and in private education were partially offset by gains in professional and business services, retail trade, and construction.

Employment in leisure and hospitality declined by 498,000, with three- quarters of the decrease in food services and drinking places (-372,000). Employment also fell in the amusements, gambling, and recreation industry (-92,000) and in the accommodation industry (-24,000). Since February, employment in leisure and hospitality is down by 3.9 million, or 23.2%.

Government employment declined by 45,000 in December. Employment in the component of local government that excludes education declined by 32,000, and state government education lost 20,000 jobs. Federal government employment increased by 6,000. Since February, government employment overall is down by 1.3 million.

The civilian labor force participation rate was unchanged at 61.5%. The number of workers on temporary layoff increased by 277,000 in December to 3.0 million. Workers with permanent job loss declined by 348,000 to 3.4 million. Workers unemployed less than 5 weeks increased by 449,000 to 2.9 million.

Average hourly earnings rose by 23 cents to $29.81.

Read the BLS release.

Tags: Employment BLSEmployment situation
ShareTweetPin

Related Posts

Mortgage rates fall

Mortgage rates fall

Economy
January 15, 2026

The rate for a 30-year fixed-rate mortgage was 6.06% this week. The rate for a 15-year fixed-rate mortgage was 5.38%.

Nichols: Credit card rate cap would harm those it is meant to help

Nichols: Credit card rate cap would harm those it is meant to help

Newsbytes
January 15, 2026

While the Trump administration’s concern about affordability is commendable, a proposed 10% cap on credit card interest rates would hurt the very people the president is seeking to help, American Bankers Association President and CEO Rob Nichols told...

CFPB issues decision on TILA preemption of state laws

Study: FHLBank advances boost community lending

Ag Banking
January 15, 2026

Federal Home Loan Bank advances are “strongly associated” with higher lending across banks and credit unions, particularly following the 2008 financial crisis, according to new research by the Urban Institute.

ABA unveils key policy priorities for 2025

Senate Banking Committee postpones vote on crypto market structure bill

Newsbytes
January 14, 2026

Senate Banking Committee Chairman Tim Scott (R-S.C.) delayed a scheduled committee vote on cryptocurrency market structure legislation. Banking advocates have sent more than 10,000 letters to Senate offices in recent days calling on Congress to use the bill...

FHFA to create affordable housing advisory committee

HUD proposes to remove disparate impact from Fair Housing Act rule

Compliance and Risk
January 14, 2026

The Department of Housing and Urban Development is proposing to rescind three rules allowing the use of disparate impact in determining Fair Housing Act violations.

Business inventories rise in February

Business inventories rose in October

Economy
January 14, 2026

Business inventories in October 2025 came in at $2.68 trillion, up 0.3% from the month prior and up 1.1% from a year ago, the Commerce Department said.

NEWSBYTES

Mortgage rates fall

January 15, 2026

Nichols: Credit card rate cap would harm those it is meant to help

January 15, 2026

Study: FHLBank advances boost community lending

January 15, 2026

SPONSORED CONTENT

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

Seeing More Check Fraud and Scams? These Educational Online Toolkits Can Help

November 1, 2025
5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025

PODCASTS

Podcast: A Lone Star banking perspective

January 15, 2026

Podcast: The incredible shrinking penny (circulation)

January 8, 2026

Podcast: Cybersecurity in a mobile-first banking landscape

December 18, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.