U.S. Hiring xxxxx xxx Remains Solid – The New York Times – (Me: 223,000 new jobs in December!)

employers adding 223,000 jobs in December, down slightly from previous months. For the year, the economy added 4.5 million jobs, the second-most on record.

  • U.S. employers added 223,000 jobs in December.

  • Hospitality, health care and construction generated job growth.

  • Markets rise on what hiring and wage trends signal for interest rates.

  • Job gains feed Biden’s optimism on the economy.

  • The Fed is waiting for a pronounced hiring slowdown.

  • A slowing job market poses risks for those who’ve been out of work for a while.

  • After a strong year of job creation, 2023 brings a tougher outlook.