U.S. Adds 199,000 Jobs In December, Falls Short Of Estimates

The video discusses the latest job report, revealing 199,000 jobs added in December, which was below expectations of 420,000 to 450,000. Despite the lower job addition, the unemployment rate fell to 3.9%, better than the expected 4.1%. The Omicron variant's impact on the economy is considered, and the potential effects on Federal Reserve rate hikes are explored. The importance of future job reports and weekly jobless claims is highlighted, as they may provide more insight into the labor market's health.

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