Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
- Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000.
- The unemployment rate fell to 3.5%, a decline of 0.2 percentage point and also better than the estimate.
- Wage growth was below expectations, with average hourly earnings up 4.6% from a year ago, below the 5% estimate.
- Leisure and hospitality led job gains, followed by health care, construction and social assistance.