Payrolls in U.S. Rise More Than Projected, Jobless Rate at 5%

January 8, 2016 1:33 PM

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Payroll growth surged in December after stronger job gains the prior two months, capping the second-best year for American workers since 1999 and further evidence of a resilient job market that prompted the Federal Reserve to raise interest rates.

The 292,000 advance exceeded the highest forecast in a Bloomberg survey and followed a 252,000 increase in November that was stronger than previously estimated, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for 200,000. The jobless rate held at 5 percent, ...

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