BREAKING: The U.S. economy added 199,000 jobs in December, falling far short of expectations.
moved lower following the report, while bond yields were in positive territory though off their highs of the morning.
Average hourly earnings rose more than expected as the U.S. sees its fastest inflation pace in nearly 40 years. Wages rose 0.6% for the month and were up 4.7% year over year. That compares to respective estimates of 0.4% and 4.2%. Other sectors seeing job gains included construction , transportation and warehousing and wholesale trade .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'It's hard to imagine a sector of the economy not affected': Employers worry about retaining workers as omicron spreadsWhile nearly nine in 10 executives are confident their organizations can withstand the variant and have the procedures and capacity to address it, two-thirds are concerned about how their staff is going to react.
Read more »
Treasury Yields Inch Lower Ahead of Key Jobs ReportU.S. Treasury yields fell slightly on Friday morning, ahead of the release of December’s nonfarm payrolls report.
Read more »
Euro Zone Inflation Hit a New Record High of 5% in DecemberPrices in the euro zone are continuing rise, with inflation hitting 5% in December.
Read more »
How the Macarena Conquered America, Then Became a Cultural PariahOn One Year: The story of a musical phenomenon that wormed its way into our brains, and maybe never left.
Read more »
Key crypto hires, exits and moves: December 2021December topped an extraordinary year for hiring in the crypto industry. Here’s what you need to know.
Read more »
Private job growth hit 807,000 in December, more than double expectationsCompanies hired at the fastest pace in seven months in December ahead of escalating concerns over surging Covid cases, according to a report Wednesday from
Read more »