Jobs Report: 2.2 million jobs gained in 2016; Unemployment ends year at a low 4.7\%

From Jared Bernstein | On the Economy
January 6, 2017 - 9:26am

Payrolls rose 156,000 last month and the unemployment rate ticked up slightly to 4.7, as the US job market continues to post solid and steady gains. Over 2016, average hourly wage growth is up 2.9 percent, the fastest yearly gain thus far in the recovery that began in 2009. Coupled with low inflation, this means... Read more

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