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What to Make of December’s Dismal Jobs Report

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Employers in December cut 140,000 jobs from their payrolls, versus an expectation by economists for an addition of 50,000. The unemployment rate was unchanged at 6.7 percent and the number of unemployed individuals remained at 10.7 million, the U.S. Bureau of Labor Statistics (BLS) said on Friday. “Although both measures are much lower than their…

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