In the third quarter, the jobless rate was at 5.6%. In the fourth quarter, the number of unemployed climbed by 2,600 to 38,800, while the number of employed went up by 20,900 to 680,600.
Meantime the labor force participation rate increased to 73.5% from 71.3% a year earlier, while the employment rate rose to 69.6% from 67.6. In 2022 as a whole, the unemployment rate was 5.6%, down from 6.2% in 2021.
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We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
