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U.S. Jobless Rate Falls as Wages Jump
Posted
January 7, 2022
Views
365
Likes
5
Comments
1
Engagement
1.64%
January 7, 2022
365
5
1
1.64%
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10:41Now PlayingThe 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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