December JOLTS Report Underscores Remarkable Year for U.S. Labor Market

2022 stands out as a record-breaking year in the labor market, according to data released today by the U.S. Bureau of Labor Statistics in the latest Job Openings and Labor Turnover Survey report for December.

The December report contains some indicators that may surprise followers of labor market news. Despite a large decline in net job gains between 2021 and 2022, for example, U.S. businesses actually conducted more hires in 2022. And despite the prominence of layoff-related stories in news headlines, 2022 was the year in which the smallest number of Americans in over 20 years lost their jobs.1.

Biden Economy continues to roll

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Exxon smashes Western oil majors' earnings record with $56 billion profit for 2022Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. 38 years of criminal lawlessness Well that is interesting. Prior to slamming them, I would want to know what the running average is as the news never reports their losses? I'm so glad all that gain sharing will trickle down to all their employees...
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