3 things to know about the December 2016 jobs report
The U.S. Bureau of Labor Statistics released its monthly jobs report today, and numbers fell short of expectations.
Here's what you need to know.
1. Job creation was a bit lower than expected. The U.S. economy added 156,000 jobs in December, slightly trailing economists' estimates, while the unemployment rate rose slightly to 4.7 percent.
According to Forbes: "The last jobs report of Barack Obama's presidency was neither a whopping surprise nor a stunning disappointment. The headline number came in softer than expected, but was good enough to mark the 75th consecutive month of job growth."
2. Wages increased. As today's jobs report indicated, hourly earnings are (once again) on the rise.
According to NPR: "The 10-cent increase pushed average hourly earnings to $26; in November, they had dipped slightly, by 2 cents. Over the course of the year as a whole, average hourly earnings rose 2.9 percent, the BLS says."
3. These industries have seen the most growth. Curious about which industries are adding more jobs than others? Here's a look at what happened in December. According to MarketWatch: "The increase in hiring last month was spearheaded by health-care providers, financial firms, manufacturers, restaurants and shipping companies, the government said."