US adds 256K jobs in December as unemployment slides lower

The US Bureau of Labor Statistics (BLS) reported an addition of 256,000 nonfarm payroll jobs in the month of December, well above economist expectations of 165,000. Average hourly wages fell by 0.1%, now sitting at 3.9%. Additionally, the unemployment rate moved lower to 4.1%, which was initially expected to hold steady at 4.2% month-over-month.

Morning Brief hosts Seana Smith and Brad Smith review the latest employment data an hour ahead of Friday’s market open.

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This post was written by Luke Carberry Mogan.