Excellent Employment

jobs fairFriday’s job report was good! Payrolls grew by 292,000, and prior month numbers were upwardly revised by 50,000. Q4 was the best quarter for job growth in 2015, a year which averaged 221,000 new jobs/month, the second best since 1999. While wage growth was flat in December (due largely to temporary holiday hiring and also weak manufacturing employment growth), Y-o-Y wage growth was 2.5%, its best performance in 5 years.

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