The job market fell short of expectations last month. jdlahart reports the disappointing numbers had a lot to do with what’s happening in manufacturing. WSJWhatsNow
The job market weakened last month, and that had a lot to do with what is happening in manufacturing.
The economy added 145,000 jobs in December, down from November’s gain of 256,000 , and below the 160,000 economists had forecast. Wage growth also cooled, with average hourly earnings up 2.9% versus a year earlier last month, compared with a November gain of 3.1%.
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