December jobs report shows signs of a slowdown but labor market remains tight
The U.S. economy added 223,000 jobs in December, the slowest monthly job growth of the year but still beating expectations. Unemployment dropped to 3.5%.
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The unemployment rate fell from 3.6% to 3.5%, matching a 53-year low, the Labor Department said Friday.
Here's a look at the industries where job openings have grown over the past year, according to data from the Bureau of Labor Statistics.
In a small but growing number of states in the South and West — California, Georgia, Kentucky, Maryland and Texas — the percentage of middle-class households in the Black population is nearly equal to the share in the white population, according to a new Stateline analysis of census data. The analysis also shows that the Black middle class continued to grow in most states between 2018 and 2021, even though the racial gap remains high in many states.
