Boyd Razor

Hiring slowed significantly at the end of last year, a stark indication that employers are struggling to fill positions even as the United States remains millions of jobs short of prepandemic levels.

At the same time, there were signs that those looking for jobs last month were finding them. The unemployment rate fell to 3.9 percent, from 4.2 percent. Wages continued to surge, rising 0.6 percent in December and 4.7 percent for the year, reflecting intense competition among employers for workers.
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