US employers added solid 223,000 jobs in December in sign of still-robust labor market

Associated Press WASHINGTON — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation.

People are also reading… The picture for 2023 is much cloudier. Many economists foresee a recession in the second half of the year, a consequence of the Fed’s succession of sharp rate hikes. The central bank’s officials have projected that those increases will cause the unemployment rate to reach 4.6% by year’s end.

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US employers added solid 223,000 jobs in December in sign of still-robust labor marketUS employers added a solid 223,000 jobs in December in sign of a still-robust labor market despite Fed rate hikes.
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