Employers Add to Payrolls Amid Risks to Job Market
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.