Darwit Kebede WASHINGTON — The U.S. economy added 199,000 jobs in December, according to new data from the Labor Department. While that was the fewest jobs added in any month of 2021, one credit union economist sees signs a “strong recovery” continues. The 199,000 new jobs came in well below what many economists had forecast, with most expecting it would be double that number. Nevertheless, despite the weaker than anticipated numbers, 2021 will still go down as a year of record-breaking jobs growth, with the country adding 6.4 million jobs during the year, the most since records started in 1939. The unemployment rate fell to 3.9% in December, marking a new pandemic-era low. “The labor market added fewer jobs than expected in December,” said CUNA Senior Economist Dawit Kebede. “However, the unemployment rate continued to decline, falling below 4%, which indicates a strong recovery. Overall, the economy added on average 537,000 jobs per month in 2021. “The employment data was co...
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