New jobs total just half what was projected in December
The U.S. economy recorded an increase of 199,000 jobs in December and the unemployment dipped to 3.9%, the U.S. Bureau of Labor Statistics (BLS) announced Friday.
Total non-farm payroll employment increased by 199,000 in December, according to the BLS, and the number of unemployed Americans dipped to 6.3 million. Economists surveyed by The Wall Street Journal projected the economy to add 422,000 jobs in December and for unemployment to fall to 4.1%.
December’s jobs report leaves the U.S. economy with roughly 6.5 million more jobs than at the end of 2020 but still 3.5 million short of pre-pandemic levels.
“The economy right now is in a good spot and resilient enough to withstand this Covid surge,” said Julia Pollak, an economist at jobs website ZipRecruiter, the WSJ reported. “We just expect this year to bring a more moderate, sustainable pace of recovery and growth.” – READ MORE
Responses