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U S gains 252000 jobs in December signaling strong year
The United States added 252000 jobs in December with 50000 more in October and November combined. The unemployment rate fell to 5.6 percent, the lowest since 2008, while wage growth remained weak and inflation stayed subdued. The year ends with nearly 3 million more people earning paychecks since 2014, the largest gain since 1999. Gas prices plunge boosting consumer spending as inflation stays near Fed targets. Economists expect growth around 3 percent in 2015, potentially triggering rate hikes later in the year.
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Washington, D.C
United States
U.S
Michael Strain
American Enterprise Institute
Federal Reserve
Fed