U.S. Economy — Jobs Numbers Beat December Expectation

The U.S. economy produced more jobs than anticipated in December.

Employers added 312,000 jobs, far more than the projected 177,000.

However, the unemployment rate crept higher to 3.9 percent, albeit remaining near historic lows.

Average hourly pay increased at an annual rate of 3.2 percent – an improvement on the previous month’s figure of 3.1 percent.

The dollar shot higher after the numbers were released.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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