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LIVE: Biden Delivers Remarks on December 2021 Jobs Report
Posted
January 7, 2022
Views
2,292
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11
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16
Engagement
1.18%
January 7, 2022
2,292
11
16
1.18%
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21:00Now Playing(Jan. 7) The U.S. unemployment rate fell below 4% and wages jumped last month, adding to evidence of a tight labor market that’s expected to help spur Federal Reserve interest-rate liftoff as soon as March despite disappointing payroll growth.
The jobless rate dropped to 3.9% and monthly wage growth accelerated in December, a Labor Department report showed Friday. A 199,000 increase in nonfarm payrolls followed upward revisions in the prior two months, and the labor force participation rate was unchanged.
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