The lede: The U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing that second longest economic expansion in U.S. history still has plenty of staying power despite growing worries about a slowdown.And what about the previous two months?: Hiring in November and October was also stronger than originally reported, the government said Friday.
Oh, and wages?: Strong hiring has also given workers more bargaining power with their bosses. The amount of money the average worker earns climbed 11 cents, or 0.4% to $27.48 an hour last month. What’s more, the increase in pay in the past 12 months rose to 3.2% from 3.1%, matching a post-recession high set earlier in the year.
Hat tip MarketWatch.com
Full report from CNNMoney: www.CNNMoney.com