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The U.S. economy added 216,000 jobs in December, closing out 2023 strong and beating expectations set by economists, the Labor Department said Friday.
The unemployment rate held at 3.7% while payroll gained from November’s figure of 173,000. Economists had been expecting the unemployment rate to increase to 3.8%, according to the U.S. Bureau of Labor Statistics.
This is a developing story. Please check back for updates.
The news comes amid concerns that President Trump’s policies have pushed the economy to a standstill with his tariff policies.
The President took his anger out on the poor job report on the individual crunching the numbers.
The attempt to backtrack and calm Americans comes after the markets suffered losses for the second consecutive day.
The Dow Jones Industrial Average closed down 890 points -- 2% -- while the S&P 500 closed down 2.7%.
