ByUS employers added fewer jobs in December than forecast, while the jobless rate fell below 4% and wages jumped, adding to evidence of a tight labour market that’s expected to help spur a Federal Reserve interest rate liftoff as soon as March.
The 199,000 increase in nonfarm payrolls last month followed upward revisions in the prior two months, a labour department report showed on Friday. The unemployment rate fell to 3.9% while the labour force participation rate was unchanged...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.
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