American businesses hired 199,000 workers in December, far fewer than predicted
CBSN
America's employers added 199,000 jobs in December, falling far short of the hiring that had been forecast by economists.
Economists had forecast that employers added 400,000 jobs last month, according to a survey by data provider FactSet. December hiring was little changed from the 210,000 jobs added in November.
Even so, the unemployment rate fell to 3.9% in December from 4.2% in the prior month, the government said on Friday. That's the lowest rate since 3.5% in February 2020, before the pandemic erupted across the U.S. and crippled the economy.
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