Year-On-Year Wage Growth a Highlight of December Jobs Report

The US Department of Labor (DOL) released the December jobs report on Friday, January 6th, which showed non-farm payrolls rose by 156,000 jobs last month. Reuters reports that though December job growth was below estimated gains, wage growth was a bright mark as “the year-on-year increase in earnings [was] 2.9 percent, the largest gain since June 2009”.

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