The percentage of the population that is either working or actively looking for work increased slightly to 62.3 percent in December, up one-tenth of a point from November, and four basis points higher than the 61.9 percent in December 2021.
In its final report for 2022, the Labor Department's Bureau of Labor Statistics counted a record 159,244,000 employed Americans in December, an increase of 717,000 from last month's 158,527,000 (revised number); and the number of Americans counted as not in the labor force dropped below the hundred million level to 99,879,000.
Despite higher interest rates, the economy added a strong 230,000 jobs in December, above expectations of 200,000. Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance.
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