Economics
U.S. Sees Record Job Growth in 2021 After Millions Lost in 2020
- Payrolls grew by 6.4 million last year, Friday’s report shows
- White House touts annual improvement across labor market
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The U.S. economy added a record 6.4 million jobs in 2021, rebounding strongly from unprecedented losses in the year prior due to the pandemic.
Furthermore, the unemployment rate fell to 3.9% in December, according to Labor Department data released Friday. That represented a drop of 2.8 percentage points over the course of 2021, the best annual improvement on record. Early last year, economists anticipated the unemployment rate to end 2021 at 5.5%.