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Labor Market Boom Cooled Some in 2022
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Employers added 4.5 million jobs in 2022—the second best year for job creation in records back to 1940—showing that the labor market remained a source of U.S. economic strength at a time of high inflation, climbing interest rates and uneven growth.
The number of jobs gained in 2022 was second only to the 6.7 million added in 2021 when the economy was rebounding from the pandemic, according to the Labor Department. Job growth over the last two years was robust historically, even when accounting for a current U.S. population that is much bigger than in the World War II era.
Read more on wsj.comAbout this in other media
Companies Cut Temp Workers in Warning Sign for Labor Market wsj.com /1 year ago
Jobless Claims Fall, Pointing to Still-Tight Labor Market wsj.com /1 year ago
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools wsj.com /1 year ago
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