December Marked A Decade Of Job Gains In The U.S.

The US job market saw 145,000 new hires last month, falling short of Wall Street expectations. Despite this, significant job gains were noted in retail, healthcare, and hospitality sectors. The unemployment rate remains steady at 3.5%. Analysts suggest not to worry about the lower-than-expected job additions, as only 100,000 jobs per month are needed to match population growth. In 2019, the US economy added 2.1 million jobs, which is 600,000 less than the previous year.

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