US non-farm payroll employment rose only 199k in December, much worse than expectation of 400k. Overall job growth averaged 537k per month in 2021. Non-farm employment remained -3.6m, or -2.3%, from its pre-pandemic level in February 2020. Unemployment rate dropped to 3.9%, down from 4.2%, better than expectation of 4.1%. Number of unemployed persons dropped […]
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