The U.S. job market is still healthy, but it's slowing down as recession fears mount
U.S. employers added 223,000 jobs in December, as the unemployment rate dipped to 3.5%. Despite some high-profile layoff announcements, the overall job market remains tight.
The U.S. job market closed out 2022 on a high note.
Employers added 223,000 jobs in December, capping a year in which the economy added 4.5 million jobs, more than refilling the deep hole left by the coronavirus pandemic two years earlier.
While some big companies have announced job cuts in
