Economics
U.S. Jobs Trail Forecasts; Wages Rise Least Since Mid-2018
- December unemployment rate holds at half-century low of 3.5%
- Full-year job gain of 2.11 million is slowest since 2011
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The U.S. labor market ended the year with less momentum, as payroll gains cooled by more than forecast and wages rose at the weakest annual pace since 2018, even as unemployment held at a half-century low of 3.5%.