Em­ploy­ers Add to Pay­rolls Amid Risks to Job Mar­ket

The Bond Buyer - - Market News -

U.S. em­ploy­ers added the most work­ers in 10 months as wage gains ac­cel­er­ated and la­bor-force par­tic­i­pa­tion jumped, re­flect­ing a ro­bust job mar­ket that nev­er­the­less faces mount­ing risks in 2019.

Non­farm pay­rolls in­creased by 312,000 in De­cem­ber, eas­ily top­ping all fore­casts, af­ter an up­wardly re­vised 176,000 gain the prior month, a La­bor Depart­ment re­port showed Fri­day.

Av­er­age hourly earn­ings rose 3.2% from a year ear­lier, more than pro­jected and match­ing the fastest pace since 2009.

Mean­while, the job­less rate rose from a five-decade low to 3.9%, re­flect­ing more peo­ple ac­tively seek­ing work.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.