John Carney 5 Jan 2024
Employers in the United States added 216,000 workers to their payrolls in December, the Department of Labor said Friday.
The unemployment rate was unchanged from 3.7 percent in the prior month.
Economists had expected the economy to add 170,000 after payrolls were reported as increasing by 199,0000 in November and 150.000 in October. The November figure was revised down to 173,000 and the October figure was revised down to 105,000. That totals to 71,000 fewer jobs.
In September, employers grew their payrolls by 262,000. In August, payrolls rose by 227,000.
The unemployment rate was expected to tick up to 3.8 percent.
In total, the economy added 2.3 million jobs in 2023, the lowest since the pandemic ended and Joe Biden became president. Compared with the pre-pandemic years, however, this is still a lot of job growth, much of it driven by sectors still rebuilding from mass layoffs due to lockdowns and the pandemic. The last time the economy added this many jobs in a year was 1999.
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https://www.breitbart.com/economy/2024/01/05/america-created-216000-jobs-in-december/
