Earnings and New Jobs , Increased More Than Expected in , December.<br />On January 5, the Labor Department released <br />a report showing that America's job market closed <br />2023 with a greater-than-expected pace of hiring.<br />On January 5, the Labor Department released <br />a report showing that America's job market closed <br />2023 with a greater-than-expected pace of hiring.<br />CNBC reports that the December <br />jobs report showed that employers <br />added 216,000 positions for the month.<br />CNBC reports that the December <br />jobs report showed that employers <br />added 216,000 positions for the month.<br />Over the same time, <br />the unemployment rate <br />remained at 3.7%.<br />Over the same time, <br />the unemployment rate <br />remained at 3.7%.<br />Payroll growth showed a considerable increase <br />next to November's downwardly revised 173,000. .<br />Previously, economists predicted payrolls <br />to increase by 170,000, while the unemployment <br />rate was expected to inch higher to 3.8%.<br />Previously, economists predicted payrolls <br />to increase by 170,000, while the unemployment <br />rate was expected to inch higher to 3.8%.<br />CNBC reports that a more comprehensive <br />assessment that includes discouraged workers <br />and those with part-time jobs increased to 7.1%.<br />The higher unemployment rate comes after a household <br />survey, used to determine the actual unemployment <br />rate, showed a drop in job holders of 683,000.<br />At the same time, the overall labor force <br />participation rate fell to 62.5%, reaching its lowest <br />since February and down 676,000 month-over-month.<br />According to the latest Labor Report, <br />job gains in 2023 were at 2.7 million, <br />with a monthly average of 225,000.<br />CNBC reports that markets reacted negatively to <br />the latest Labor Department report, sending stock <br />market futures down and Treasury yields higher.<br />CNBC reports that markets reacted negatively to <br />the latest Labor Department report, sending stock <br />market futures down and Treasury yields higher
