December Jobs Report: 85,000 Jobs Lost in December 2009
The December Jobs Report shows that 85,000 jobs were cut in December 2009, and that unemployment in the US remains at 10%. So, while new job loss may be slowing down, it's still very difficult to find a job in the US. A knock-on effect is that job satisfaction is down at 45%, since people unhappy with their current positions aren't crazy enough to quit without something else lined up... and there's not much else to line up at this point.
Basically, slowing or steady job loss and unemployment rates are not really positive signs- they're just less-negative signs.
On the White House's blog, economic adviser Christina Romer writes, "Today’s employment report, though a setback from November, is consistent with the gradual labor market stabilization we have been seeing over the last several months. Payroll employment declined 85,000 in December. To put this number in perspective, employment declined 139,000 in September and 127,000 in October. So, in a broad sense the trend toward moderating job loss is continuing."
The previous two month's were revised. October saw more job losses (-111,000 to -127,000), but November moved from -11,000 to +4,000.