See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Labor Market Defies Fed as Unemployment Falls to 3.5% and Economy Adds 223,000 Jobs

Posted on AllSides January 6th, 2023
From The Right
Economy and Jobs, unemployment, Federal Reserve
Olivier Douliery/Getty Images

The U.S. economy added 223,000 jobs in December and the unemployment rate plunged to 3.5 percent, the Labor Department said Friday.

Economists had expected the economy to add 200,000 jobs and the unemployment rate to remain unchanged at 3.7 percent. The range of forecasts by economists surveyed by Econoday was between a gain on payrolls of 150,000 to 230,000. On unemployment, the range of forecasts was 3.7 percent to 3.8 percent.

The Labor Department’s Job Opening and Labor Turnover Survey, knowns as Jolts, showed that there were 10.5 million job openings...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right