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September 01, 2020 1:28pm
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US economy adds 216,000 jobs in December, beating expectations

The December jobs report released Friday provided a key look at the labor market's health as it continues to confront high interest rates and inflation.

U.S. job growth continued to chug along at a healthy pace in December, suggesting that the labor market remains resilient even in the face of higher interest rates, stubborn inflation and other economic uncertainties.

Employers added 216,000 jobs in December, the Labor Department said in its monthly payroll report released Friday. That was slightly above the 170,000 jobs forecast by Refinitiv economists.

The unemployment rate held steady at 3.7%.

This is a developing story. Please check back for updates.

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