Obama’s Final Jobs Report Marks 75 Consecutive Months of Growth
Over two million jobs were created in 2016, but economists believe there’s still room for improvement in 2017.
The final jobs report for 2016 shows that the U.S. economy has added just over 2 million jobs last year. The Labor Department reported on Friday morning that the U.S. economy added 156,000 jobs in December, while the unemployment rate ticked up slightly to 4.7 percent. The numbers slightly missed expectations: Economists surveyed by The Wall Street Journal were expecting 183,000 jobs to be added.
Nevertheless, the December jobs report concludes a year of steady economic growth: For most of the year, the unemployment rate has been hovering just under when it comes to job creation.
