U.S. Economy Added 233K Jobs In December

U.S. Economy Added 233K Jobs In December

The Labor Department reported on Friday the U.S. economy added 223,000 jobs in December as the unemployment rate fell back to its half-century low point of 3.5 percent.

U.S. Economy Added 233K Jobs In December

The leading sectors adding jobs were health and education (78,000) and leisure/hospitality (67,000).

Although the number of jobs slowed, it was still a healthy increase. Economists had predicted 200K jobs. Layoffs and initial claims for unemployment insurance have remained extremely low.

In total, the economy added 4.5 million jobs in 2022, the second-most on record.

Even amid recession fears, the labor market stilled shows a strong demand for workers.

Read more at the New York Times.