January 5, 2007 (Jobs Byte)
Wages Continue to Trend Upwards
Jobs Byte by Heather Boushey
For Immediate Release: January 5, 2007
Contact: Dan Beeton, 202-293-5380 x104
Growth in hours
indicates falling productivity for the fourth quarter of 2006.
The establishment survey showed the economy adding 167,000
jobs in December, on top of upward revisions of 36,000 for October and
November. Over the past three months, the average job growth was 136,000. Gains
in employment continue to trend below the recovery of the 1990s, when the
economy added an average of 224,000 each month.
Job gains were found in the service-producing industries.
Transportation added 15,200 jobs (above its usual monthly average gain of
9,000), information added 12,000 jobs, and professional and business services
added 50,000 jobs in December.
Job losses were spread across the goods-producing sector and
manufacturing lost another 12,000 jobs in December, for a total of 72,000 for
the past year. There was also a notable decline in employment in residential
specialty trade contractors, who lost 10,000 jobs in December and 103,000 jobs
over the past year. Other sectors with losses include transportation equipment
(5,000 jobs), motor vehicles and parts (5,000 jobs), textile mills (2,000
jobs), retail trade (9,000 jobs), and building material and garden supply
stores (8,000 jobs).