Job Gains Picked Up in December, Capping Year of Healthy Hiring – WSJ

Employers hired at a solid pace in December, capping a year of steady gains for a job market that continues to defy expectations and remains a bright spot in a gradually cooling economy.

The U.S. economy added 216,000 jobs last month with most industries increasing employment, the Labor Department reported Friday. That was larger than November s gain of 173,000, and better than forecasters were expecting. For all of 2023, employers added 2.7 million jobs, a slowdown from 4.8 million in 2022, but a better gain than in the several years preceding the pandemic.

via www.wsj.com

A good jobs report, but only if it’s *true.* See below for the huge revisions for the last 6 months or so of employment data, which seemed pretty good when they came out as well. And the same goes, though not as bad, for inflation numbers.