December Jobs Report

The government said that the U.S. economy created 223,000 net new jobs last month. Wall Street had been expecting 200,000. The unemployment rate fell to 3.5%.

Average hourly earnings were up 0.3%. Year-over-year, average hourly earnings were up 4.6%.

The labor force participation rate was 62.3%. The broader U-6 rate was 6.5%.

Posted by on January 6th, 2023 at 8:34 am


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