December Jobs Report Shows Payrolls Rose by 223,000

December Jobs Report , Shows Payrolls Rose by 223,000.

Yahoo Finance reports that the U.S. Labor Department posted its latest jobs report on Jan.

6.

Despite interest rates being at their highest level in 15 years, .

The American labor market stayed strong last month.

Nonfarm payrolls were only expected to rise by 202,000 in December, but they increased by 223,000.

The unemployment rate dropped to 3.5%.

Average hourly earnings only rose at a pace of 0.3% month-over-month.

Year-over-year, they rose 4.6%.

The largest payroll gains occurred in leisure and hospitality, social assistance, construction and health care sectors.

The largest payroll gains occurred in leisure and hospitality, social assistance, construction and health care sectors.

The largest payroll gains occurred in leisure and hospitality, social assistance, construction and health care sectors.

The largest payroll gains occurred in leisure and hospitality, social assistance, construction and health care sectors.

Leisure and hospitality added 67,000 jobs, social assistance added 20,000.

Leisure and hospitality added 67,000 jobs, social assistance added 20,000.

Construction offered 28,000 more jobs, and health care had 55,000 more positions.

Construction offered 28,000 more jobs, and health care had 55,000 more positions