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U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009

From bloomberg.com

The U.S. labor market turned in a solid performance at the end of 2016, sending job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion. The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015. Worker shortages may become more frequent in the coming year, ... (full story)

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