Hiring falters in December as payrolls rise only 199,000… BIG miss…

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Hiring falters in December as payrolls rise only 199,000, though the unemployment fell to 3.9%

  • Nonfarm payrolls rose by 199,000 in December, far fewer than the 422,000 estimate.
  • The unemployment rate dropped to 3.9%, better than the 4.1% estimate.
  • Wages increased more than expected, rising 4.7% year over year.
  • Leisure and hospitality was showed the biggest gains by industry.

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