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US labour market added 199,000 jobs in December

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Washington: US employers added 199,000 jobs in December 2021, with the unemployment rate falling by 0.3 percentage point to 3.9 per cent, the Labour
Washington: US employers added 199,000 jobs in December 2021, with the unemployment rate falling by 0.3 percentage point to 3.9 per cent, the Labour Department reported. The job growth is far below the expectations of economists surveyed by the Wall Street Journal, which estimated a job gain of 422,000 jobs. It also represented the smallest monthly gain in a year, reports xinhua news agency. Employment continued to trend up in sectors like leisure and hospitality, professional and business services, manufacturing, construction, and transportation and warehousing, said the Department report released on FRiday. The latest data also showed that the unemployment rate fell by 0.

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