{"id":4495,"date":"2024-01-10T08:35:06","date_gmt":"2024-01-10T14:35:06","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=4495"},"modified":"2024-01-10T08:35:06","modified_gmt":"2024-01-10T14:35:06","slug":"economy-adds-216k-jobs-in-december","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/economy-adds-216k-jobs-in-december\/","title":{"rendered":"Economy adds 216K jobs in December"},"content":{"rendered":"\n<p>The U.S. economy closed out 2023 by adding more jobs.<\/p>\n\n\n\n<p>The economy added 216,000 jobs in December, according to the<a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\" rel=\"noopener\"> U.S. Bureau of Labor Statistics<\/a>. It was just off the monthly average for the year of 225,000. Throughout 2023, the economy added 2.7 million.<\/p>\n\n\n\n<p>The job growth was down from the 4.8 million positions added in 2022.<\/p>\n\n\n\n<p>Unemployment stayed at 3.7 percent, the same as November. It is up slightly from the 3.5 percent rate at the end of 2022.<\/p>\n\n\n\n<p>The labor participation rate is at 62.5 percent, down 0.3 from November.<\/p>\n\n\n\n<p>The labor news followed the Federal Reserve electing to keep its target rate steady in December at 5.25 to 5.5 percent. &nbsp;The Fed\u2019s decision on rates followed November\u2019s modest job report and encouraging consumer price index data from the Bureau of Labor Statistics.<\/p>\n\n\n\n<p>The Federal Open Market Committee will meet Jan. 30-31 to determine the next step with rates.<\/p>\n\n\n\n<p>Of jobs added in December, 52,000 were in the government sector. Healthcare employment increased by 38,000. Leisure and hospitality added 40,000 jobs. Construction jobs grew by 17,000.<\/p>\n\n\n\n<p>Transportation and warehousing lost 23,000 jobs. The sector has lost 100,000 jobs since October 2022.<\/p>\n\n\n\n<p>Average hourly earnings increased by 0.4 percent in December to $34.27. In 2023, the hourly pay increased by 4.1 percent.<\/p>\n\n\n\n<p>The workweek dropped by 0.1 percent to 34.3 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"The U.S. economy closed out 2023 by adding more jobs. The economy added 216,000 jobs in December, according&hellip;\n","protected":false},"author":1,"featured_media":3403,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[28,3],"tags":[],"class_list":{"0":"post-4495","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-independent","8":"category-industry","9":"cs-entry","10":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=4495"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/3403"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=4495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}