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US jobs growth slows to 156,000 during December

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US businesses added 156,000 jobs in December in the last release of key economic data before Donald Trump is sworn in as US president. The number of jobs created fell from an upwardly revised 204,000 in November and came in below market expectations of 175,000 new roles.

The jobless rate edged up last month to 4.7% from 4.6%.

Mr Trump has pledged to create 25 million jobs over 10 years.

The US Bureau of Labor Statistics said that the annual rate of wage growth accelerated in December to 2.7%. This compares with a 2.5% increase in annual average hourly earnings recorded in November and is the quickest pace of growth since June 2009.

The bureau revised up the number of new jobs created in November from an initial count of 178,000 to 204,000.

 

Source: BBCB

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