Hiring Ends Year on Strong Note, but Wage Growth Remains Sluggish
Posted on AllSides January 8th, 2016
From The Center
Employers capped last year with impressive job growth in December, the latest sign of a stable U.S. economy despite international headwinds that have worsened since 2016 began.
Nonfarm payrolls increased a seasonally adjusted 292,000 in December, the Labor Department said Friday. The unemployment rate, obtained through a separate survey, held steady at 5% last month. The unemployment rate hasn’t been below that mark since 2007.
Some content from this outlet may be limited or behind a paywall.