Demystifying the Latest US Jobs Report

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January 10, 2022
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min read

The U.S. Bureau of Labor Statistics released December job data that shows a continued employee-favored job market. 

What changed?

December 2021:

  • Unemployment is below 4%, the lowest it's been since before the pandemic 📉
  • Professional jobs and employment have continued their upward trend with 43,000 new jobs added in December alone 🚀
  • Less jobs than anticipated were added overall, likely due to COVID-19 trends and high number of new daily cases.
  • For every unemployed American, there are now 1.4 jobs. (Source: USNews)
  • The same number of people (11.1%) worked remotely because of COVID-19 reasons.

All of 2021:

  • 6.1 million jobs were added (total)
  • 20 million people quit their jobs in the second half of 2021
  • People quitting their jobs are coming from all sectors of the US labor force, showing a widespread "Great Resignation" or "Great Reshuffle"
  • Nearly all (84%) of the total jobs lost in the pandemic have been recovered.

What does this mean for job searching and job outlook?

Dr. Karin Kimbrough, LinkedIn's chief economist and former director at the U.S. Federal Reserve spoke to CBS News saying, "There is one person hired every 15 seconds right now on LinkedIn."

Take that as a dose of optimism for your job search ☀️

Dr. Kimbrough also points out a fascinating remote work statistic: before the pandemic, 1 in 67 jobs was listed as remote on LinkedIn, and now 1 in 7 jobs is. She also believes this trend could end up being permanent 💻

Here at Teal, we've seen month over month a steady growth in the percentage of remote jobs saved out of all jobs saved to our Job Tracker.

Is it still a good time to job search?

Employers are struggling to find new employees and retain existing employees. If you're thinking about getting a new job, this could mean more money in your pocket .

If you're ready to start looking for a new job or want to get back to it, now's the time! 

Check out Teal's free suite of job searching tools. Kick off your job search with our Job Tracker, a free tool that uses our Chrome extension to save jobs from any job board. We analyze job descriptions, tell you which keywords matter most, track follow ups, and organize everything in one central location.

Frequently Asked Questions

How does the latest US jobs report impact current job seekers?

The latest US jobs report can have a significant impact on job seekers by influencing hiring trends and employer confidence. A positive report often signifies economic growth, leading to more job openings and potentially higher wages. Conversely, a negative report may cause employers to be more cautious, potentially slowing down the hiring process. Job seekers should stay informed about these trends to better understand their chances in the job market.

What sectors showed the most growth in the latest US jobs report?

The latest US jobs report typically highlights which sectors are experiencing growth. Commonly, industries such as technology, healthcare, and renewable energy show robust growth due to ongoing demand and innovation. However, it's important to review the report for specific data, as sector growth can vary month-to-month based on economic shifts and seasonal trends.

How should professionals interpret fluctuations in unemployment rates according to the US jobs report?

Professionals should interpret fluctuations in unemployment rates with a critical eye. A decrease in unemployment suggests more people are finding work, which could indicate a healthy job market. However, it's essential to consider other factors such as the labor force participation rate and whether the employment is part-time or full-time. Additionally, some fluctuations may be due to seasonal employment or temporary factors, so looking at long-term trends is also valuable.

Dave Fano

Founder and CEO of Teal, Dave is a serial entrepreneur with 20+ years of experience building products & services to help people leverage technology and achieve more with less.

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