US jobs growth slows in December

Sun Online Desk

11th January, 2020 02:28:15 printer

US jobs growth slows in December

The US economy added 145,000 jobs last month, capping a year of solid but slowing growth, official figures show.

Hiring at retail and health care firms drove the gains, which pushed the US labour market to a 10th year of expansion.

While the country's 3.5% unemployment rate remained at historic lows, earnings growth slowed from November.

The average hourly wage rose at an annual rate of 2.9%, down from November's rate of 3.1%.

December's job gains mark a slowdown from the prior month, when employers added 256,000 positions.

The number of manufacturing jobs also fell by 12,000, compared with a rise of 58,000 in November, which coincided with the end of a labour strike at General Motors.

The Labor Department also revised down data for October and November to show 14,000 fewer jobs were created than previously estimated.

 

Source: BBC

 


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