The pace of hiring picked up in December, according to a government report Friday that still came in slightly weaker than Wall Street expectations.
The closely watched Labor Department report showed a seasonally adjusted 157,000 jobs added to U.S. payrolls in the month, up from the a revised 137,000 added in November, according to the report. Economists surveyed by Briefing.com forecast that there would be 175,000 jobs added in the month.
The unemployment rate remained at 5.4 percent, the same as in November and in line with economists’ forecasts.
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