Prospective employers and job seekers interact during a job fair Wednesday, Sept. 22, 2021, in the West Hollywood section of Los Angeles.Marcio Jose Sanchez/AP Photo Despite December's weak job gains, 2021 as a whole was the strongest in US history. The unemployment rate also saw the biggest one-year drop in data going back to 1949. The US labor market is on track to recover three times faster than it did from the Great Recession. The December jobs report might've badly missed expectations, but it still capped an unprecedented year for the US labor market.If 2020 was the year of lockdown, 2021 was the year of reopening.
The Us Added More Jobs In 2021 Than Any Year In History, And Is Recovering 3 Times Faster Than After The Great Recession
bwinck@businessinsider.com (Ben Winck), Business Insider
Fri, 01/07/2022 - 11:56am
Topics: sept west hollywood los angeles marcio jose sanchez/ap photo despite december the us the delta roughly april president donald trump additional president joe biden if the december job openings labor turnover survey february americans business insider us recession the december omicron january openings jolts times faster added more jobs year in history recovery report data country million biggest months rate pace hiring gain one-year record unemployment reopening decline market gains recover historic return payroll showed rebound higher economy
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