Key data for the market: job creation remains solid in the US

Key data for the market: job creation remains solid in the US

The unemployment rate remains unchanged at 3.7%, a historically low level, despite forecasts that anticipated a slight rebound.

He United States labor market was again much stronger than expected in December, with the creation of 216,000 jobs, compared to 173,000 in November, according to figures published this Friday by the Department of Labor of that country.

This figure is well above the 162,000 job creations expected by analysts, according to the briefing.com consensus.

The evolution of unemployment

The unemployment rate It remains unchanged at 3.7%, a historically low level, despite forecasts that anticipated a slight rebound. These solid figures are released at a time when the Federal Reserve decision (Fed, central bank) of raising interest rates is having the intended effects of reducing demand and inflation.

Monthly salary increase

The salaries increased 0.4% in December in relation to the previous month, indicated the Department of Labor. Compared to the same period last year, the average hourly wage grew 4.1%.

Between the sectors in which employment increases They include public administration, health, social assistance and construction. Instead, there were job losses in transportation.

In 2023, although sectors such as manufacturing and housing were hit hard by rising interest rates, a resilient labor market helped support consumption and the broader economy

Source: Ambito

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