'December Employment Report: 252,000 Jobs, 5.6% Unemployment Rate'

In case you missed the news. This is from Calculated Risk:

December Employment Report: 252,000 Jobs, 5.6% Unemployment Rate: From the BLS:

Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing.
...
The change in total nonfarm payroll employment for October was revised from +243,000 to +261,000, and the change for November was revised from +321,000 to +353,000. With these revisions, employment gains in October and November were 50,000 higher than previously reported.

...Eleven consecutive months over 200 thousand. Employment is now up 2.952 million year-over-year.  ... For total employment, 2014 was the best year since 1999.

For private employment, 2014 was the best year since 1997. ...

The Labor Force Participation Rate declined in December to 62.7%. ... A large portion of the recent decline in the participation rate is due to demographics.

The Employment-Population ratio was unchanged at 59.2%... The unemployment rate declined in December to 5,6%.

This was above expectations of 245,000, and with the upward revisions to prior months, this was another strong report.

I'll have much more later ...