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Jobs report: Jobs market still hot. Can we avoid a recession?

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A U.S. jobs market that ran red-hot throughout 2022 kept that streak alive in December as unemployment notched down, matching a 53-year low as employers added 223,000 new positions, according to a report released Friday by the Labor Department .

 

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U.S. economy added 223,000 jobs in December, as strong jobs market tops expectationsHowever, the job growth marked a small decrease from the 256,000 gain in November, which was revised down 7,000 from the initial estimate. Labor market is going to tank in 2023! Hold on December job numbers never mean anything as many hire just for the holidays. Wake me up in a month.
Source: NBCNews - 🏆 10. / 86 Read more »