US Economy Adds 216,000 in December to Finish 2023 With Strong Labor Market
Published on January 5, 2024
The U.S. economy added 216,000 new jobs in December, topping economists’ expectations of 170,000, according to the Bureau of Labor Statistics (BLS). The latest employment figures signal that the labor market remains robust heading into 2024. In 2023, the national economy created nearly 2.7 million new jobs, down from the roughly 4.8 million positions added in 2022. Last month’s boost was up from the November gain of 173,000, which was revised down from the initially reported 199,000. The October jobs data were also adjusted down by 45,000 to 105,000. About 500,000 jobs vanished from the economy last year following the BLS’ adjustments to the labor data. The only month to see an upward revision was in July....