Monday, December 18, 2023
Flexibility vs. Stability: 1099 Work Growing
December 2023 3.7% Total nonfarm payroll employment rose by 199,000 jobs in November and the unemployment rate decreased by .2%. Healthcare and government saw gains, as well as manufacturing, as workers returned from a strike. Retail trade employment decreased. The labor force participation rate has been essentially flat near 62.8% since August. Average hourly earnings rose by 12 cents (.4%) to $34.10, and have increased by 4%