US Economy Adds 145,000 Jobs

Credit: Wibbitz Top Stories
Published on January 12, 2020 - Duration: 00:47s

US Economy Adds 145,000 Jobs

US Economy Adds 145,000 Jobs.

The Bureau of Labor Statistics announced December’s job growth on Friday.

Nearly a quarter of the jobs stemmed from the retail sector due to the holiday shopping season.

December’s growth had 100,000 fewer jobs than November, which had a boost from General Motors workers returning from strike.

Despite not meeting economists’ expectations, the unemployment rate remained consistent at 3.5 percent.

Wage growth reached 0.1 percent for the month of December, putting the year’s rate at 2.9 percent.

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