USA ENDS 2021 WITH LOW 3.9% UNEMPLOYMENT RATE

The United States ended 2021 by creating an additional 199,000 jobs in the USA, which helped to lower the unemployment rate to a very low 3.9 percent, the Department of Labor reported on January 7, 2022. In fact, 2021 ended up being a very good year for people working in America, with US employment rising 4.5 percent – the biggest increase since 1978. The Conference Board estimates that the American economy will conclude 2021 with a healthy 7 percent rate of growth for the year. Strong economic growth at the end of the year was driven by companies buying equipment and consumer spending. Furthermore, people working in the USA were earning an average of 4.7 percent more in December 2021 than they were 12 months prior. This steep rise in worker wages indicates that American employers are competing robustly to fill US job openings. To read more, click here!