Home » Economy » Where are all of the jobs? These industries hired the most workers in December
Where are all of the jobs? These industries hired the most workers in December
White House ‘certainly’ watching omicron’s impact on jobs report: Labor Secretary
U.S. Department of Labor Secretary Marty Walsh says there’s ‘no question’ that the omicron surge will have some effect on January’s job report.
Although U.S. job growth slowed markedly in December, most industries still added to their payrolls last month, with restaurants and bars leading the way in hiring before the threat of the new omicron variant.
The Labor Department said in its Friday report that employers added just 199,000 jobs last month, sharply missing expectations for a gain of 400,000. The unemployment rate, meanwhile, fell to 3.9%, the lowest level since February 2020 when the pandemic shut down a broad swath of the nation's economy.
WHERE ARE SURGING CONSUMER PRICES HITTING AMERICANS THE HARDEST?
"The slower gains in payrolls over the past two months could suggest that either the economy was slowing and so firms weren’t hiring as many workers, or that the economy is lacking workers and firms were only able to hire around 200,000 workers in each of the past two months despite trying to increase hiring by more," said David Berson, Nationwide chief economist.