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Unemployment flat at 7.8 percent in December

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(Read caption) This chart shows total private nonfarm payrolls since 2001. Unemployment went flat at 7.8 percent in December 2012.

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Today’s Employment Situation Report indicated that in December, net non-farm payrolls increased adding 155,000 jobs overall with the private non-farm payrolls sub-component adding 168,000 jobs while the civilian unemployment rate went flat at a revised 7.8% over the same period.

Net private sector jobs increased 0.15% since last month climbing 1.73% above the level seen a year ago but remained a whopping 3.04% below the peak level of employment seen in December 2007.

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