Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations

Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations

  • Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000.
  • The unemployment rate fell to 3.5%, a decline of 0.2 percentage point and also better than the estimate.
  • Wage growth was below expectations, with average hourly earnings up 4.6% from a year ago, below the 5% estimate.
  • Leisure and hospitality led job gains, followed by health care, construction and social assistance.

https://www.cnbc.com/2023/01/06/jobs-report-december-2022-nonfarm-payrolls-rose-223000-in-december-as-strong-jobs-market-tops-expectations.html


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