With the numbers from Friday’s jobs report, it is now known that 2016 saw the slowest job growth since 2012, a reflection of the fact that there are far fewer unemployed workers and the jobs market is much tighter today than earlier during the long, drawn-out jobs crisis.

During 2016, 2.16 million new payroll jobs were created, according to the Bureau of Labor Statistics, for a monthly average of 180,000. Those were the slowest marks since 2012.