From More Revisions to Higher Government Payrolls, Latest Jobs Report Offers Worrying Trends in 2024

More revisions, fewer full-time jobs, and less people working.

A hiring sign is displayed at a restaurant in Prospect Heights, Ill., on April 4, 2023. Nam Y. Huh /Reuters

News Analysis

The Biden administration is championing the news that the U.S. economy created 216,000 new jobs in December, and the unemployment rate remained below 4 percent for the 23rd straight month, with officials suggesting that the country has achieved a soft landing.