The US jobs market continues to strengthen
US non-farm payrolls data published today (January 4) showed signs of continued improvement in the labour market, despite widespread fears of a slowdown.
According to the data from the Bureau of Labor Statistics, the US economy added 312,000 jobs in December, despite a 0.2 percentage point rise in the unemployment rate, which hit 3.9%. The consensus forecast among analysts had been for job gains of 177,000.
Data on wages was also positive. Average hourly earnings were up 3.2% year-on-year, the