The U.S labor market ended the year on a hot note with employers adding significantly more jobs than expected in December.
The Labor Department on Friday reported that U.S. employers added 216,000 jobs for the month, compared to 199,000 in November. Economists expected 170,000 new jobs, according to consensus estimates from Dow Jones.
The unemployment rate was unchanged from 3.7% in November. Economists predicted the rate would land at 3.8%.
The report marks the 36th consecutive month of job gains for the U.S. economy, despite the economic challenges from high inflation, rising interest rates and the Fed’s efforts to cool the economy. Still, it came in far less than the average monthly gain of 225,000 over the prior 12 months.
2 comments
The U.S labor market ended the year on a hot note with employers adding significantly more jobs than expected in December.
The Labor Department on Friday reported that U.S. employers added 216,000 jobs for the month, compared to 199,000 in November. Economists expected 170,000 new jobs, according to consensus estimates from Dow Jones.
The unemployment rate was unchanged from 3.7% in November. Economists predicted the rate would land at 3.8%.
The report marks the 36th consecutive month of job gains for the U.S. economy, despite the economic challenges from high inflation, rising interest rates and the Fed’s efforts to cool the economy. Still, it came in far less than the average monthly gain of 225,000 over the prior 12 months.
Lol. How will this end