December jobs report; why you need a travel budget

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Good morning, Daily Money readers. We made it through the first full work week of 2022! Jayme Deerwester here with you this frigid Friday.

Hiring slowed sharply for a second straight month in December, with employers adding just 199,000 jobs, as the omicron variant began driving COVID-19 cases higher. The unemployment rate fell, which is calculated from a different survey from 4.2% to 3.9%, the Labor Department said Friday.

For all of 2021, the economy added a record 6.4 million jobs, or 537,000 a month. So far, the U.S. has recouped 18.8 million, or 84%, of the 22.4 million jobs lost early in the pandemic, leaving it 3.6 million jobs shy of its pre-crisis level.

On to today’s … 

💡 DAILY INSIGHT. 💡Yearning to travel in 2022?  Calculate how much you can put aside, then choose where to go. That’s the advice of budgeting blogger Guadalupe Sanchez.

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