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The U.S. labor market is charging forward.
The Bureau of Labor Statistics reported Friday that non-farm payrolls rose to 312,000 in December, surging past expectations of 184,000. The BLS also upwardly revised its figure for non-farm payroll additions in November to 176,000, from 155,000 previously reported.
The unemployment rate rose to 3.9% in December. The unemployment rate was 3.7% in November, the lowest overall unemployment level since 1969.
Average hourly earnings – a closely watched metric of inflation pressures in the economy – increased 0.4% over last month and 3.2% over the previous year. This exceeded expectations of wage growth of 0.3% over last month and 3% over last year. Wages rose 3.1% over the prior year in both November and October.
Source, full story:
https://www.yahoo.com/finance/news/l...124747132.html
The Bureau of Labor Statistics reported Friday that non-farm payrolls rose to 312,000 in December, surging past expectations of 184,000. The BLS also upwardly revised its figure for non-farm payroll additions in November to 176,000, from 155,000 previously reported.
The unemployment rate rose to 3.9% in December. The unemployment rate was 3.7% in November, the lowest overall unemployment level since 1969.
Average hourly earnings – a closely watched metric of inflation pressures in the economy – increased 0.4% over last month and 3.2% over the previous year. This exceeded expectations of wage growth of 0.3% over last month and 3% over last year. Wages rose 3.1% over the prior year in both November and October.
Source, full story:
https://www.yahoo.com/finance/news/l...124747132.html
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