U.S. Added 216,000 Jobs in December, Outpacing Forecasts
The labor market ended the year with a bang.Employers added 216,000 jobs in December on a seasonally adjusted basis, the Labor Department reported on Friday, surpassing economists’ forecasts. It was the 36th consecutive month of gains.Altogether, the U.S. economy added roughly 2.7 million jobs over the past year. That’s a smaller gain than in 2021 or 2022, during the economy’s initial resurgence from pandemic lockdowns. Yet the gains of 2023 are still stronger than those in the late 2010s.The numbers are buoying expectations of what has been called a soft landing — in which the economy is able to avoid significant job loss while shifting into a calmer, more sustainable gear, after the disorienting volatility that began with the arrival of Covid-19 roughly four years ago.Many experts cautio...