ECONOMY_ Strong U.S. Job and Wage Growth Provides Assurance on Economy

THE WALL STREET JOURNAL

ECONOMY

Strong U.S. Job and Wage Growth Provides Assurance on Economy

Employers added 312,000 jobs last month and 2.64 million in 2018, the best year since 2015


By Paul Kiernan
Updated Jan. 4, 2019 2:19 p.m. ET

WASHINGTON—U.S. employers added jobs at a robust pace in December and wages posted their biggest full-year gain of the expansion, providing a strong new counterpoint to recent worries in financial markets that the economy is sputtering because of trade frictions and rising interest rates.

Stock prices rose on the economic news, then jumped even higher after Federal Reserve Chairman Jerome Powell said the Fed would be patient about further increases in rates this year.

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READ MORE: https://www.wsj.com/articles/u-s-december-nonfarm-payrolls-grew-by-312-000-jobless-rate-rose-to-3-9-11546609016?mod=hp_major_pos12


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