United States Unemployment December 2021

United States

United States: Labor market continues to tighten in December

January 7, 2022

Total non-farm payrolls increased by 199,000 in December, following November’s 249,000 increase in payrolls. Employment gains occurred in professional and business services, and food services.

The unemployment rate ticked down to 3.9% in December from 4.2% in November, and the labor force participation rate was stable at November’s 61.9% in December. Hourly earnings rose 0.6% month-on-month in December (November: +0.4% mom), while annual wage growth dipped to 4.7% from 5.1% in November.

FocusEconomics panelists expect the unemployment rate to average 4.0% in 2022, which is down 0.2 percentage points from last month’s forecast, and 3.7% in 2023.

Author:, Economist

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United States Unemployment Chart

United States Unemployment December 2021

Note: Month-on-month variation of non-farm payrolls in thousands and unemployment rate, seasonally adjusted in %.
Source: U.S. Bureau of Labor Statistics.

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