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U.S. Employers Added 223,000 Jobs in December; Unemployment Fell to 3.5%

Posted on AllSides January 6th, 2023
From The Center
Economy and Jobs, unemployment
PHOTO: CORBIS VIA GETTY IMAGES

U.S. employers added 223,000 jobs in December, a sign of continued strength in the labor market. The jobless rate moved down to 3.5% from a revised 3.6% in November.

The December payrolls numbers are a slight decline from November’s revised increase of 256,000, the Labor Department said Friday.

For all of 2022, U.S. employers added 4.5 million jobs, the second-best year for job creation on records back to 1940 after 2021, when the labor market rebounded from the pandemic-induced shutdowns and added 6.7 million jobs.

Hiring was resilient throughout 2022 despite...

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https://www.wsj.com/articles/december-jobs-report-unemployment-rate-economy-growth-2022-11672961227

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