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Streak of solid hiring boosts 2015 confidence
The December employment gain and the strong 2014 total point to a robust labor market. Employers added 252000 jobs in December, with 50000 more in October and November combined than earlier estimates, and the unemployment rate fell to 5.6 percent. Average hourly pay slipped, while participation effects and weak wage growth temper the outlook as Fed policy moves toward possible rate increases.
MENTIONED IN THIS ARTICLE
Washington
U.S
James Marple
TD Securities
Labor Department
Richard Moody
Regions Financial
Federal Reserve
Fed