US wage growth shows Trump will inherit solid labour market
by Katie Allen from on (#27XCY)
Barack Obama's final figures show lower-than-expected job creation - but economy still added more than 2m jobs in 2016
The US economy added more than 2m jobs in 2016 and finished the year with a pick-up in wages, suggesting Donald Trump will inherit a solid labour market from outgoing president Barack Obama.
The news of the strongest wage growth since 2009 also raised expectations that the president-elect's first year in office will be accompanied by a series of interest rate rises from the US central bank.
Related: Obama's labour market report card: not bad, could have done better
Payroll employment rises by 156,000 in December; unemployment rate changes little (4.7%) https://t.co/1Y9cSWJUIB #JobsReport #BLSdata
Continue reading...