The December 2021 jobs report showed U.S. employers added a modest 199,000 jobs, while the unemployment rate fell sharply.
President Joe Biden spoke about the November 2021 jobs report, which showed U.S. employers slowed the pace of their hiring in November, adding 210,000 jobs, during remarks on Dec. 3, 2021, at the White House.U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant to return to the workforce.
Still, the job market may be healthier than the modest hiring gain the government reported Friday. The aftermath of the pandemic has made the government’s employment figures more volatile, with one month’s data often followed by a sharply different trend a month or two later. Consumer spending and business purchases of machinery and equipment likely propelled the economy to a robust annual growth rate of roughly 7% in the final three months of 2021. Americans’ confidence in the economy rose slightly in December, according to the Conference Board, suggesting that spending probably remained healthy through year’s end.
Economists have cautioned that job growth may slow in January and possibly February because of the spike in new omicron infections, which have forced millions of newly infected workers to stay home and quarantine, disrupting employers ranging from ski resorts to airlines to hospitals.
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