Employers added workers at a solid pace in December, capping a year of steady gains for a job market that continues to beat expectations and remains a bright spot in a gradually cooling economy.
The U.S. economy added 216,000 jobs last month, with most industries increasing employment, the Labor Department reported Friday. That was larger than November's gain of 173,000 and better than forecasters expected. For all of 2023, employers added 2.7 million jobs, a slowdown from 4.8 million in 2022 but better growth than in the years before the pandemic.
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