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Friday, January 10, 2020

Breaking: Nonfarm Payrolls Rose by 145K in December

© Reuters.  © Reuters.

Investing.com - The U.S. economy added fewer jobs than expected last month, the Labor Department reported Friday, as the jobs market cooled at the end of 2019.

  • Nonfarm payrolls rose 145,000 in December, compared with expectations for a rise of 164,000 according to economists’ forecasts compiled by Investing.com.
  • The unemployment rate remained steady at 3.5%, as predicted.
    • Average hourly earnings rose 0.1% for the month, versus expectations for a 0.3% rise, as wage inflation remained pretty much in check.
    • S&P 500 futures were up 0.23%. They were up about 0.2% right before the numbers came out.
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