US adds fewer jobs than forecast, unemployment rate falls

Omicron still poses a risk to the pace of employment growth in early 2022

09 January 2022 - 00:00 By Reade Pickert

US employers added fewer jobs in December than forecast, while the jobless rate fell below 4% and wages jumped, adding to evidence of a tight labour market that’s expected to help spur a Federal Reserve interest rate liftoff as soon as March.

The 199,000 increase in nonfarm payrolls last month followed upward revisions in the prior two months, a labour department report showed on Friday. The unemployment rate fell to 3.9% while the labour force participation rate was unchanged...

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