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

50,000 jobs added in December, unemployment rate edged down to 4.4%

January 9, 2026
Reading Time: 1 min read
Financial services execs see talent acquisition as serious business risk 

Total nonfarm payroll employment increased (+50,000) according to the U.S. Bureau of Labor Statistics. The unemployment rate, at 4.4%, edged down from November’s revised rate of 4.5%. Employment rose in food services and drinking places, health care and social assistance. Retail trade lost jobs.

In December, food services and drinking places continued to trend up in December (+27,000). Food services and drinking places added an average of 12,000 jobs per month in 2025, similar to the average increase of 11,000 jobs per month in 2024.

Health care employment continued its upward trend in December (+21,000), with a gain of 16,000 jobs in hospitals. Health care employment rose by an average of 34,000 per month in 2025, less than the average monthly gain of 56,000 in 2024.

Federal government employment was little changed in December (+2,000). Since reaching a peak in January, federal government employment is down by 277,000, or 9.2%.

Retail trade lost 25,000 jobs in December. Over the month, employment declined in warehouse clubs, supercenters, and other general merchandise retailers (-19,000) and in food and beverage retailers (-9,000). Electronics and appliance retailers added 5,000 jobs. Retail trade employment showed little net change in both 2024 and 2025.

Average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.3%, to $37.02. Over the past 12 months, average hourly earnings have increased by 3.8%. In December, average hourly earnings of private-sector production and nonsupervisory employees, at $31.76, changed little (+3 cents).

The change in total nonfarm payroll employment for October was revised down by 68,000, from -105,000 to -173,000, and the change for November was revised down by 8,000, from +64,000 to +56,000. With these revisions, employment in October and November combined is 76,000 lower than previously reported.

Read the BLS release.

Tags: Employment situationNonfarm jobs
ShareTweetPin

Related Posts

District court vacates Labor Department position on rollover advice

OCC, former comptrollers urge court to overturn Illinois interchange ruling

Legal
March 17, 2026

An Illinois state law restricting interchange fees for certain payments threatens the national banking system by interfering with federal powers to regulate that system, the OCC and a group of 10 former comptrollers said in separate court filings.

Report: Average data breach cost for financial sector tops $6M

Lawmakers consider potential changes to data privacy law

Cybersecurity
March 17, 2026

ABA urged Congress to apply the same privacy and securities standards for banks to other industries, and to make sure federal standards preempt state regulation.

ABA opens fraud contact directory to international banks

ABA opens fraud contact directory to international banks

Compliance and Risk
March 17, 2026

ABA announced that its widely used Fraud Contact Directory is now open to international banks, marking a significant expansion of one of the banking industry’s key tools for combating fraud.

ABA DataBank: Pending home sales increase in February

ABA DataBank: Pending home sales increase in February

Economy
March 17, 2026

The ABA Office of the Chief Economist believes while the index increased in February, the index level has not retraced December and January’s drop, with pending home sales remaining near historically low levels. For banks, subdued turnover is...

Retail sales decreased 0.8% in January

Retail sales decreased 0.2% in January

Economy
March 16, 2026

Advance estimates of U.S. retail and food services sales for January 2026 were $733.5 billion, down 0.2% from the previous month, and up 3.2% from January 2025.

Hsu: Third-party risk management guidance offers flexibility for smaller banks

Report: Third-party risk management teams remain small while vendor use grows

Compliance and Risk
March 16, 2026

Financial institutions are managing larger vendor inventories with leaner teams while confronting emerging risks, such as those presented by artificial intelligence, according to a new report on third-party risk management by the compliance platform provider Ncontracts.

NEWSBYTES

OCC, former comptrollers urge court to overturn Illinois interchange ruling

March 17, 2026

Lawmakers consider potential changes to data privacy law

March 17, 2026

ABA opens fraud contact directory to international banks

March 17, 2026

SPONSORED CONTENT

How top agricultural lenders are approaching AI, automation and innovation in 2026

How top agricultural lenders are approaching AI, automation and innovation in 2026

March 2, 2026
Top 7 FP&A Trends in Banking for 2026

Top 7 FP&A Trends in Banking for 2026

March 1, 2026
How Instant Payments Can Accelerate B2B Payments Modernization

How Instant Payments Can Accelerate B2B Payments Modernization

February 3, 2026
Digital Banking: The Gateway to Customer Growth and Competitive Differentiation

Digital Banking: The Gateway to Customer Growth and Competitive Differentiation

February 1, 2026

PODCASTS

Podcast: From stablecoin to fraud, top takeaways from the 2026 ABA Summit

March 13, 2026

Podcast: How the SCAM Act would encourage platforms to go after scammers

February 4, 2026

A new kind of ‘community bank’ for small businesses

January 22, 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.