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Payrolls Surge, U.S. Jobless Rate at 5% as Workforce Grows

  • Employment gains revised higher for October and November
  • Year-over-year hourly earnings advance was less than forecast
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U.S. Employers Add 292,000 Jobs in December

Updated on

America’s labor-market juggernaut continued to roll unabated at the end of 2015.

Employers in December added 292,000 workers, exceeding the highest estimate in a Bloomberg survey, and payrolls for the previous two months were revised higher, a Labor Department report showed on Friday. The jobless rate held at 5 percent as people entering the labor force found work. At the same time, worker pay disappointed, rising less than forecast from a year earlier.