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Jobseekers attend the Civil Service Career Fair at the Bronx Community College in New York on Tuesday, Dec. 19, 2023.
New York
CNN
—
The US economy added 216,000 jobs in December, according to Bureau of Labor Statistics data released Friday, capping off a year of resilience in the labor market.
The unemployment rate remained at 3.7%.
December’s job growth was stronger than November’s tally of 173,000 jobs added, a total that was downwardly revised by 26,000 jobs.
Economists were expecting net job gains of 160,000 for the month and for the unemployment rate to tick up to 3.8%.
The continued strength in the labor market has helped to fuel consumer spending and economic growth, but Federal Reserve officials believe slower demand will help bring down inflation.
This story is developing and will be updated.
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