The United States added 199 thousand jobs, and unemployment fell to 3.9%, less than expected.

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source: thegoaspotlight.com

The United States added 199 thousand jobs, and unemployment fell to 3.9%, less than expected.

Last month the private sector added 211,000 jobs after 270,000 were added in November. The increase was 26,000 jobs in manufacturing, compared to 35,000 the previous month.

Analysts estimated that December would close with 440,000 new workers. Still, the expansion of the Omicron variant truncated the recovery of the labor market.

The unemployment rate in the United States fell in December to 3.9%, three tenths less than in the previous month and the lowest in almost two years, the Bureau of Labor Statistics (BLS) reported this Friday.

Last month the US economy added 199,000 jobs, below the expectation of analysts who had calculated an increase of 440,000 jobs.

The number of unemployed people in the US stood at 6.3 million in December, 483,000 less than the previous month (in a country of 331 million inhabitants).

The US unemployment rate at the beginning of 2020 stood at 3.5% and jumped to 14.4% in April of that year when statistics reflected the impact of the COVID-19 pandemic, which included the loss of some 18 million jobs.

In December, the labor market participation rate, that is, the proportion of working-age people who have a job or are actively looking for one, remained at 61.9%, but still below 63, 3% February 2020.

The report indicates that hourly wages of workers rose 0.6% in December and have increased 4.7% in one year.

" The employment trend continued to rise in the leisure and hospitality sectors, business and professional services, manufacturing, construction, transportation, and wholesale warehouses," the report said.

Last month the private sector added 211,000 jobs after 270,000 were added in November. The increase was 26,000 jobs in manufacturing, compared to 35,000 the previous month.

For its part, the public sector lost 12,000 jobs in December after a reduction of 21,000 jobs in November.

The US unemployment rate at the beginning of 2020 stood at 3.5% and jumped to 14.4% in April of that year when statistics reflected the impact of the COVID-19 pandemic, which included the loss of some 18 million jobs.