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With 12.1 million jobs added since President Biden took office and a monthly average of 356,000 jobs over the past three months, we began 2023 with more strong, steady job growth that benefits workers and their families.
The U.S. economy added 223,000 jobs in December. With significant gains across industries, 2022 was a year of steady, worker-centered growth.
With significant gains in health care, leisure and hospitality and construction jobs in December, we rounded out 2022 with more of the steady, stable growth that helped our workforce recover.
Today, the Bureau of Labor Statistics reported that the American economy added 263,000 jobs in the month of November, and the unemployment rate remained close to a historic low mark at 3.7%.
Historic investments are helping spur manufacturing growth, which now provides 137,000 more jobs than it did before the pandemic.
This month, we are highlighting labor market outcomes for Hispanic or Latino workers.
With 10 million jobs added since President Biden took office and an average of more than 370,000 per month over the last three months, this economy continues to produce strong and steady job growth that benefits workers and their families.
Labor force participation rose in August as more unemployed workers began seeking jobs.
The July jobs report marked two new milestones in the economic recovery: First, the number of Americans working exceeded the pre-pandemic number. Second, the unemployment rate is 3.5%, back to its pre-pandemic low.
Strong, steady job growth is an apt description of the second quarter of U.S. labor market. Over the last three months, the economy added an average of 375,000 jobs per month.