Posted 1/6/2024, 6:27:48 PM
U.S. Job Growth Slows Slightly But Remains Resilient in 2023 as Wages Climb
- U.S. added 216,000 jobs in December, ending 2023 with 2.7 million jobs added and record 167 million people employed
- Unemployment remained low at 3.7% in December and averaged 3.6% for the year
- Wages grew 4.1%, which could push Fed to keep interest rates higher for longer
- Job growth may be slowing, with downward revisions and declines in some areas
- Yellen celebrates continued economic resilience without recession as a “soft landing”