145,000 Jobs Added in December, Unemployment at 3.5%

The U.S. economy added 145,000
jobs in December, while the unemployment rate remained at 3.5%, according to
Department of Labor data released Friday.

In December, 145,000 jobs were added, according to the Bureau of Labor Statistics report–about 121,000 fewer jobs than were added in November.

Decembers’ unemployment rate
remained steady at 3.5%, matching September’s unemployment rate, the lowest
since December 1969.

Economists had predicted that 164,000 jobs would be added and
that the unemployment rate would remain at 3.5%, according
to CNN,
about 100,000 jobs fewer than the previous month when a
General Motors strike ended and boosted job numbers.

Job growth has come back strong after February, when
just 33,000 jobs were
added
.

The unemployment rate has held steady between 4% and 3.7% for more than a year before the April jobs report showed it drop to 3.6%. Prior to April’s report, the consistent unemployment rate suggested that workers are jumping back into the workforce to fill open jobs, rather than the workers who are currently collecting unemployment welfare, according to The Wall Street Journal.

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