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

U.S. adds 256,000 jobs in December, unemployment rate at 4.1%

January 10, 2025
Reading Time: 1 min read
New York Fed: More people searching for jobs

Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported.

Employment trended up in health care, government, and social assistance. Retail trade added jobs in December, following a job loss in November.

Health care added 46,000 jobs in December, with gains in home health care services (+15,000), nursing and residential care facilities (+14,000), and hospitals (+12,000). Health care added an average of 57,000 jobs per month in 2024, the same as the average monthly gain in 2023.

Employment in leisure and hospitality changed little in December (+43,000). Leisure and hospitality added an average of 24,000 jobs per month in 2024, about half the average monthly gain of 47,000 in 2023.

Government employment continued to trend up in December (+33,000). The government added an average of 37,000 jobs per month in 2024, below the average monthly gain of 59,000 in 2023. Over the month, employment continued to trend up in state government (+10,000).

Retail trade added 43,000 jobs in December, following a loss of 29,000 jobs in November. In December, employment increased in clothing, clothing accessories, shoe, and jewelry retailers (+23,000); general merchandise retailers (+13,000); and health and personal care retailers (+7,000). Building material and garden equipment and supplies dealers lost jobs (-11,000). Overall, employment in retail trade changed little in 2024, following an average monthly increase of 10,000 in 2023.

The change in total nonfarm payroll employment for October was revised up by 7,000, from +36,000 to +43,000, and the change for November was revised down by 15,000, from +227,000 to +212,000. With these revisions, employment in October and November combined is 8,000 lower than previously reported.

 

Read the BLS release.

Tags: Nonfarm jobs
ShareTweetPin

Related Posts

FDIC delays deadline for compliance with new signage requirements

FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers

Compliance and Risk
May 22, 2026

The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by the agency.

CFPB issues decision on TILA preemption of state laws

ABA, plaintiffs urge court to overturn Illinois interchange fee law

Legal
May 22, 2026

Recent actions by the OCC make clear that federal law preempts an Illinois law restricting interchange fees, so a federal court should reverse its ruling finding otherwise, ABA, the Illinois Bankers Association and other plaintiffs said in a...

Warsh sworn in as Federal Reserve chair

Warsh sworn in as Federal Reserve chair

Economy
May 22, 2026

Kevin Warsh was sworn in as chairman of the Federal Reserve during a ceremony at the White House.

HUD to reinstate 2013 disparate impact rule

HUD to keep tri-merge credit report requirement for FHA loans

Mortgage
May 22, 2026

The Federal Housing Administration will continue to require three credit reports for single-family loans, the U.S. Department of Housing and Urban Development announced.

Consumer Sentiment declined in April

Final: Consumer sentiment falls 5.0 points in May, below 2022 levels

Economy
May 22, 2026

The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according to final results for the month. Sentiment was down 14.2% year over year.

Survey: Consumers largely satisfied with banking service providers

Survey: Speedy personal loan approvals drive growing customer satisfaction in nonbanks

Newsbytes
May 22, 2026

As financially vulnerable customers lean on personal loans to consolidate debt and cover unexpected expenses, nonbank lenders are closing the satisfaction gap with traditional banks, according to a new survey by JD Power.

NEWSBYTES

FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers

May 22, 2026

ABA, plaintiffs urge court to overturn Illinois interchange fee law

May 22, 2026

Warsh sworn in as Federal Reserve chair

May 22, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026
Credit Memos at the Convergence Point

Credit Memos at the Convergence Point

May 1, 2026
Digital Account Opening: Think Outside the Box for Maximum Business Impact

Digital Account Opening: Think Outside the Box for Maximum Business Impact

April 29, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Why Your Systems Keep Slowing Down — and What to Do About It

April 21, 2026

PODCASTS

Podcast: How consumer deposits drive full relationship banking

May 14, 2026

Podcast: How an Ohio banker talks with policymakers about stablecoin issues

May 6, 2026

Podcast: Tech transformation and AI to power bank growth

April 29, 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.