The U.S. labor market closed out 2023 in robust form because the tempo of hiring was much more highly effective than anticipated, the Labor Division reported Friday.
December’s jobs report confirmed employers added 216,000 jobs for the month whereas the unemployment price held at 3.7%.
Economists surveyed by Dow Jones had been searching for payrolls to extend 170,000 and the unemployment price to nudge larger to three.8%.
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