U.S. Added 145,000 Jobs In December
ECONOMY ADDS FEWER JOBS IN DECEMBER, BUT ENOUGH TO MAINTAIN HISTORICALLY LOW UNEMPLOYMENT RATE
(CNN) – The economy added 145,000 new jobs last month.
That’s 100,000 fewer than in November and about 40,000 less than the average over the past three months.
It was enough to keep unemployment at three-point-five percent, though which maintains the historic low.
November saw a massive boost to new jobs when general motors workers returned after a strike.
The retail sector helped in December when it added 41,000 jobs for the busy holiday shopping season.
The manufacturing sector continues to see a net loss in jobs.
Wages grew at just 2.9% last year, but low inflation amplified the spending power of those modest gains.
Experts say as long as the economy adds 100,000 jobs each month, that’s enough to keep up with population growth.