US economy adds 199K in December
The Labor Department releases the December 2021 jobs report. FOX Business’ Cheryl Casone with more.
The December jobs report showed a drop in unemployment – if only a small one – for all races except Black workers, which rose by over half a percent.
The Labor Department reported only an additional 199,000 of a projected 400,000 jobs in December, with the unemployment rate dropping to 3.9% from 4.2% – the lowest level since the pandemic began.
US HIRING COOLS IN DECEMBER AS ECONOMY ADDS JUST 199,000 NEW JOBS
But that drop did not affect all groups: White, Hispanic and Asian unemployment all dropped while Black unemployment jumped.