Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing.The big number for the day.
JUST IN: U.S. economy added just 199,000 jobs in December and the unemployment rate fell to 3.9% from 4.2%, falling far short of economist expectations. https://t.co/uUCxQkPagK
— NBC News (@NBCNews) January 7, 2022
#jobsday 199k jobs for Dec is weaker than expected, but October is revised up by 102k to 648, November by 39k to 249k
— Dean Baker (@DeanBaker13) January 7, 2022
