December’s jobs report matched economists’ projections

Consistent. Robust. Encouraging.

Such words have often been used to describe the United States’ recent job growth trends. After all, from July to November, 161,800 jobs were added to the national economy per month, on average.

Even Superstorm Sandy did not damper the nation’s steady rise in employment, as 161,000 new jobs were generated in November, just days after the storm struck the northeastern United States.
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Regional unemployment continues to drop

On January 8th, the BLS released its first “Metropolitan Area Employment and Unemployment” report of 2013, revealing that regional unemployment continued to decline last November.

According to the BLS, 322 of the nation’s 372 metro areas reported a lower jobless rate in November 2012 than November 2011, as only four areas recorded an unemployment rate of 15 percent or higher. Two of these areas, Yuma, Ariz., and El Centro, Calif., once again reported the nation’s highest jobless rates, at 27.5 and 26.6 percent, respectively.
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Employment rose within a majority of private sectors

According to the BLS’ latest jobs report, more than 112 million Americans were employed within the private sector in December 2012, comprising nearly 84 percent of the nation’s working population.

In fact, despite a steady decline in public sector employment in 2012, private sector hiring continued to augment in December, rising for the 34th consecutive month.

A total of 168,000 new private sector jobs were created last month, as the following industries reported a rise in employment. 
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Will the American Taxpayer Relief Act impact you?

As millions of Americans celebrated the dawn of 2013, the House of Representatives adjoined to vote on the Senate’s recently amended “American Taxpayer Relief Act of 2012,” a solution to the nation’s impending “fiscal cliff.”

With a final tally of 257 votes in favor of the Act, the House agreed to approve the amendment on January 1st, which President Obama promptly signed into law the following day.

But will the Act actually impact you? And, if so, how?
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Despite Sandy, hiring continues to rise

In early November, the BLS released one of its most positive jobs reports in recent memory, “The Employment Situation – October 2012.”

Although many global economists were pleased with the report’s statistics, as 184,000 new private sector jobs were generated in October, others questioned whether or not such job creation would continue in November.
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Regional unemployment remains low

Back in October, the United States’ national unemployment rate remained below eight percent for the second consecutive month, as the economy generated 171,000 new jobs – the fourth straight month in which more than 100,000 jobs were created. Therefore, the results of the BLS’ latest “Metropolitan Area Employment and Unemployment” report were not entirely surprising, as hiring rose within a majority of the nation’s metro areas in October.

In fact, 288 of the nation’s 372 metropolitan areas recorded an increase in nonfarm payroll employment from October 2011 to October 2012, while 329 areas’ jobless rates declined during that same time span. And, according to the report, 180 areas’ jobless rates were seven percent or lower.
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