Job growth in the United States exceeded expectations

The job growth in the United States exceeded expectations last month, the unemployment rate fell and wage increases slowed more than expected, suggesting a slight easing of inflationary pressures.

Non-farm payrolls increased by 223,000 positions in Decembercapping off a near-record year of job growth, according to a report from the Labor Department posted on friday. The breakthrough occurred following the revised increase of 256,000 positions work in November.

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Median hourly earnings increased by 0.3% compared to the previous month and 4.6% compared to December 2021, after a downward revision to November. The slowdown is probably good news for Fed officials, who see wage pressures, especially in the service sector, as an obstacle key to reaching its inflation target 2%.

The necessary unemployment rate 0.1 percentage points to 3.5% thanks to an increase in participation. The median of the estimates of a survey carried out by Bloomberg among economists anticipated an advance of 203,000 payrolls and a moderation of wage growth to a monthly rate of 0.4%.

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