156,000 jobs in December, 2 million in 2016, wages up 2.9%
It’s a positive close to the Obama economy.
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It marked the 75th consecutive month of job gains, the best on record. For all of 2016, the U.S. added over 2 million new jobs.
“Today was a positive close to the eight years of the Obama administration,” says Andrew Chamberlain, chief economist at career website Glassdoor.
Wages grew a solid 2.9% in December, the best pace since 2009. Wage growth has been one of the last measures to gain momentum during Obama’s tenure. Job gains in November revised up significantly, adding 19,000 more jobs than first reported.
America’s job market has made progress under Obama’s watch. U.S. unemployment hit a high of 10% in October 2009 and is now at less than half that level. In December, the unemployment rate rose just a tad to 4.7% from 4.6% in November, the lowest rate since 2007.
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