The new monthly jobs figures are out for December, and they came in way under expectations. What's more, these stats are pulled from the first half of the month; in this case, that's before the omicron variant began surging in earnest, notes the AP.
- Hiring: Employers added 199,000 jobs in December, well under expectations of 422,000, reports CNBC. The biggest gains came in the leisure and hospitality sectors, with 53,000 new jobs there.
- The rate: Despite the missed expectations, the unemployment rate ticked down to 3.9% from 4.2%.
- A record: The monthly figure is also below the 210,000 added in November, though it means that the US added a record number of jobs (about 6.5 million) for all of 2021, notes the Wall Street Journal. Still, the US is nearly 4 million jobs shy of pre-pandemic levels.