Number of new jobs added to the economy accelerated to 256,000 in December, up from November, bolstered by new jobs in healthcare and retail

The US labor market expanded strongly in the last jobs report of the Biden administration, according to new data released on Friday.

The number of new jobs added to the economy accelerated to 256,000 in December, up from 227,000 in November, soaring past expectations. The labor market last month was bolstered by new jobs in healthcare, retail and government.