HelpWanted.com

199,000 jobs added in December, much below expectations

199,000 jobs added in December, much below expectations
According to the Labor Department's December job report, the US economy added only 199,000 jobs. But the economy also sends mixed signals as it pushed the unemployment rate down to a new pandemic low. It was the second month where the job growth was well lower than the predictions made by economists. There was a forecast of 400,000 jobs for this month. Meanwhile, the unemployment rate fell from 4.2% in  November to 3.9% in December. 

The October and November job reports, with 546,000 and 210,000 jobs added, were revised upward by a combined 141,000 jobs. Many economists say that the report was stronger than the top-line jobs figure. But there are many forces unleashed by the pandemic like inflation, labor shortages and supply chain delays which continue to weigh on the labor market. These factors also make it hard to predict what will happen next. 

Odeta Kushi, an economist at First American Financial Corporation says, "The headline number was disappointing, but it is good to see the unemployment rate tick down to a pandemic low." Augustine Faucher, chief economist at PNC Financial Services Group said that the report was similar to the November jobs report and that it was encouraging overall. “We have a weak headline number, but the details were much better. The job market was still good at the end of 2021", he adds. 

Source: The Washington Post 
Tags In
Apple India Workplace Diversity

Previous days news

Jan 9 Jan 6 Jan 5 Jan 4 Jan 3

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Congress Jobs In Infosys Career Growth PLI Post-COVID Economy E-com Jobs Tamil Nadu Jobs Manufacturing Jobs AI Jobs Covid 19 Job Market AIS ABRY Employees Bengaluru Hiring Process Domestic Workers UX Jobs UPSC Jobs Indian AirForce Rural Unemployment Skill Set Teachers Recruitment Internships Unlawful Jobs Economic Struggle MGCU Animation Jobs Ecommerce Skills Powerloom Workers Hiring Exams Coimbatore Economic Slowdown Post-lockdown Health Officers UI Design Online Hiring Government Jobs Chennai Hospitals DU Recruitment Sports Quota Tier 3 UNICEF Train Union Women Empowerment Quota Seasonal Jobs Migrant Workers MSME Covid Pandemic
Articles

You Think You Have Earned It? Here is How to Ask for a Promotion

Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...Read more

A Quick Look at The Great Resignation

The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...Read more

How to Cope with America’s Return-To-Office Plans

If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...Read more

10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis

Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...Read more