US Economy Added 223,000 New Jobs as Labor Market Continues to Slow

A "We're hiring" sign hangs on the wall of a Target store in Miami, Fla., on Dec. 3, 2021. Joe Raedle/Getty Images

The U.S. economy created 223,000 new jobs in December 2022, down from 256,000 in November 2022, according to the Bureau of Labor Statistics (BLS). Economists had expected 200,000.

The report reflects a fifth consecutive month of slowing employment growth.