December Jobs Report: Unemployment Rate Is the Lowest in 50 Years ...Middle East

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December Jobs Report: Unemployment Rate Is the Lowest in 50 Years
The U.S. labor force is starting 2023 on a high note, with unemployment reaching its lowest point in 50 years in December, according to a report released Friday by the Bureau of Labor Statistics.Nonfarm payrolls added 223,000 jobs in December, bringing the unemployment rate to 3.468 percent, the lowest level since 1969 (albeit by a very slim margin, the third decimal point). Comparatively, the unemployment rate in February 2020—just before the pandemic began in earnest in the United States—was 3.5 percent. In December 2019, the unemployment rate was 3.6 percent.The sectors that added the most jobs were leisure and hospitality, health care, and construction. Employment in retail held steady,

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