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The Top Line: Year Ends with Solid Job Growth in December

Jan 8, 2016

The U.S. labor market closed out the year with solid job growth in December, making Q4 the best quarter for payroll growth in 2015. This month’s solid jobs numbers, 5 percent unemployment rate, and slight uptick in labor force participation may soothe concerns about a U.S. slowdown in the face of global headwinds, although relatively sluggish wage growth may heighten concerns about reaching the Fed’s targeted 2 percent inflation rate. For more detail, see The Top Line report below.