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

216,000 jobs added in December, unemployment rate was unchanged at 3.7%

January 5, 2024
Reading Time: 1 min read

Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7%.

Job gains occurred in government, health care, social assistance, and construction, while transportation and warehousing lost jobs.

Government employment increased by 52,000 in December. Employment continued to trend up in local government (+37,000) and federal government (+7,000). Government added an average of 56,000 jobs per month in 2023, more than double the average monthly gain of 23,000 in 2022.

In December, health care added 38,000 jobs. Employment continued to trend up in ambulatory health care services (+19,000) and hospitals (+15,000). Job growth in health care averaged 55,000 per month in 2023, compared with the 2022 monthly gain of 46,000.

Employment in social assistance rose by 21,000 in December, mostly in individual and family services (+17,000). Social assistance employment rose by an average of 22,000 per month in 2023, little different than the average increase of 19,000 per month in 2022.

Construction employment continued to trend up (+17,000). Employment in nonresidential building construction increased by 8,000. Construction added an average of 16,000 jobs per month in 2023, little different than the 2022 average monthly gain of 22,000.

Employment in transportation and warehousing declined by 23,000 in December (+23,000). Couriers and messengers lost 32,000 jobs, while air transportation added 4,000 jobs. Since reaching a peak in October 2022, employment in transportation and warehousing has decreased by 100,000.

Read the BLS release.

Tags: Employment situation
ShareTweetPin

Related Posts

FCC proposes ‘robocall scorecard’ to rate voice service providers

ABA, associations urge FCC to adopt outcome-based robocall scorecard

Compliance and Risk
September 22, 2026

ABA joined other financial services associations to express strong support for the Federal Communications Commission’s proposed Robocall Mitigation Scorecard while recommending changes to ensure it provides consumers and businesses with meaningful information about voice service providers’ effectiveness in...

Fed releases agenda for upcoming conference on large bank capital requirements

Fed’s Jefferson provides update on discount window modernization

Compliance and Risk
September 22, 2026

In recent years, the Federal Reserve has taken steps to improve the discount window’s business operations, enhance its user experience, and boost collaboration with the Federal Home Loan Banks to increase how quickly banks can access liquidity, Fed...

CFPB issues decision on TILA preemption of state laws

Court exempts federal credit unions from Illinois interchange law

Legal
September 22, 2026

A federal court expanded an injunction against enforcement of the Illinois Interchange Fee Prohibition Act to include federal credit unions, citing a recent National Credit Union Administration rule clarifying the powers of those institutions to charge certain fees.

House Republicans ask Fed to speed up bank merger application reviews

Gateway First in Oklahoma to buy Dallas-area bank

Community Banking
September 22, 2026

Gateway First Bancorp in Jenks, Oklahoma, has agreed to buy First Western Mortgage and unit Colonial Savings in Fort Worth, Texas.

FTC warns consumers about social media check fraud scam

ABA survey: Voters overwhelmingly support legislation to crack down on fraudulent social media ads

Compliance and Risk
September 22, 2026

Americans overwhelmingly support congressional efforts to crack down on fraudulent ads on social media platforms and hold online companies accountable for preventing scams, according to a new national survey of registered voters conducted by Fabrizio Ward on behalf...

Economic concerns causing U.S. adults to delay major financial decisions

Survey finds younger generations more likely to start building wealth at early age

Mortgage
September 21, 2026

Today’s young adults are beginning to build wealth years earlier than older generations did, but many of them still see homeownership as out of reach, according to a new survey by U.S. Bank.

NEWSBYTES

ABA, associations urge FCC to adopt outcome-based robocall scorecard

September 22, 2026

Fed’s Jefferson provides update on discount window modernization

September 22, 2026

Court exempts federal credit unions from Illinois interchange law

September 22, 2026

SPONSORED CONTENT

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026
Taming AI Agent Sprawl: A Playbook for Consumer Lending

Taming AI Agent Sprawl: A Playbook for Consumer Lending

September 1, 2026
Grow Public Deposits Without the Operational Burden End Fragment

Grow Public Deposits Without the Operational Burden End Fragment

September 1, 2026

PODCASTS

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 2026

Podcast: Remembering 9/11, a quarter century later

September 10, 2026

Podcast: Banking the brave new world of college athletics

August 4, 2026

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.