The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics
The unemployment rate fell back to a record low of 3.5% from a revised 3.6% in November. Economists were expecting 200,000 job gains for the last month of the year, according to Refinitiv. December’s job total is lower than the downwardly revised 256,000 jobs added in November. Including last month’s gains, which are subject to revision, the economy added about 4.5 million jobs in 2022. That’s the second-highest-ever total, after the 6.7 million jobs added in 2021 — a boomerang from 2020’s 9.
The participation rate has not returned to pre-pandemic levels, vexing economists and the Fed, while also contributing to an imbalance of worker supply and demand. “The labor market is moving in the right direction for the Federal Reserve, according to the December employment report, but is not there yet,” Gus Faucher, senior economist for PNC Financial services said in a statement.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
December jobs report: 223,000 payrolls added, unemployment rate at 3.5%Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
US employers added solid 223,000 jobs in December in sign of still-robust labor marketUS employers added a solid 223,000 jobs in December in sign of a still-robust labor market despite Fed rate hikes.
Baca lebih lajut »
US employers added solid 223,000 jobs in December in sign of still-robust labor marketUS employers added a solid 223,000 jobs in December in sign of a still-robust labor market despite Fed rate hikes.
Baca lebih lajut »
Economy added 223,000 jobs in December, unemployment down to 3.5%The economy notched another strong employment report in December and added 223,000 jobs.
Baca lebih lajut »
U.S. economy added 223,000 jobs in December, as strong jobs market tops expectationsHowever, the job growth marked a small decrease from the 256,000 gain in November, which was revised down 7,000 from the initial estimate.
Baca lebih lajut »