Article 4XQHQ US economy adds modest 145,000 jobs and wage growth remains slow

US economy adds modest 145,000 jobs and wage growth remains slow

by
Associated Press
from on (#4XQHQ)

Unemployment rate holds at 3.5% for the second straight month but figures suggest a lingering weakness in manufacturing

US employers added 145,000 jobs in December, capping a record 10 years of jobs growth as the unemployment rate held at 3.5% for the second straight month, prolonging a half-century low.

Hiring slipped after robust gains of 256,000 in November that were caused in part by the one-off end of a strike at General Motors.

Related: Central banks are now the markets' best friends | Mohamed El-Erian

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