December Jobs Report: Payrolls Increased by 223K, Unemployment Rate Drops to 3.5%

December Jobs Report: Payrolls Increased by 223K, Unemployment Rate Drops to 3.5%

The latest read of US job growth in 2022 showed that the labor market remained strong in December, even as the Federal Reserve raised interest rates to the highest level in 15 years. Nonfarm payrolls rose by 223,000 in the last month of the year, higher than expected, while the unemployment rate fell to 3.5%. …

December Jobs Report: Payrolls Increased by 223K, Unemployment Rate Drops to 3.5% Read More »