Economic Report: U.S. gains scant 199,000 jobs in December as businesses confront labor shortage and omicron

The U.S. created a lackluster 199,000 new jobs in December, signaling that persistent labor shortages and another major coronavirus outbreak are holding back the economy. The unemployment rate fell to 3.9% from 4.2%.

The U.S. created a lackluster 199,000 new jobs in December, signaling that persistent labor shortages and another major coronavirus outbreak are holding back the economy. The unemployment rate fell to 3.9% from 4.2%.