Envisioning Employment: Employment Situation December 2011

Today’s Employment Situation Report indicated that in December, net nonfarm payrolls increased with private nonfarm payrolls adding 212,000 jobs and the unemployment rate declining to 8.5% over the same period.

Net private sector jobs increased 0.19% since last month climbing 1.78% above the level seen a year ago but but remained a whopping 4.91% below the peak level of employment seen in December 2007.