216,000 New Jobs In December, Jobless Rate At 3.7%

CNBC reports:

The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday. December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000. Economists surveyed by Dow Jones had been looking for payrolls to increase 170,000 and the unemployment rate to nudge higher to 3.8%.

Read the full article.

December jobs report – 216,000 jobs added. Unemployment rate stays at 3.7 percent. The last negative month on jobs was December 2020. pic.twitter.com/JFQErJYx4j

— Jamie Dupree (@jamiedupree) January 5, 2024

Based on the latest data, we now know more jobs were created in 2023 than in any year of Trump’s presidency.

What’s more, the unemployment rate has been below 4% for 23 consecutive months — a streak unseen since the 1960s. https://t.co/Z02e1lhZ5y

— Steve Benen (@stevebenen) January 5, 2024

Breaking News: U.S. employers added 216,000 jobs in December, surpassing the expectations of economists. The unemployment rate remained steady at 3.7%.https://t.co/bOhyAmXNUI

— The New York Times (@nytimes) January 5, 2024