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That may be a sign that the overheated job market is cooling down.
We spoke with Alex Camardelle, director of Workforce Policy at the Joint Center for Political and Economic Studies, for an answer.
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to 3.8%.
The February national employment report, due Friday, is expected to show strong job growth and wage gains.
Many older people returned to work, but the recovery isn’t as strong for people of color and women.
American Indians and Alaska Natives aren’t included in the monthly report, so they are often left out of discussions on economic well-being in the U.S.
Despite a disappointing jobs report, the news is still pretty good.
The December Jobs Report will be closely watched for signs that employers added more jobs at the end of 2021.
With signing bonuses, rising wages and less fear of being laid off — what’s not to like?
That sector now employs more than 200,000 more people than it did before the pandemic.