Robust U.S. payrolls brighten economic outlook

January 8, 2016 6:16 PM

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WASHINGTON U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop.

Nonfarm payrolls increased by 292,000 last month, the Labour Department said on Friday, as hiring got a boost from unseasonably warm weather. The unemployment rate held steady at a 7-1/2-year low of 5 percent even as more people entered the labour force, a sign of confidence in the job market.

Also read: Fed Beige Book Shows ‘Mostly Positive’ Outlook for U.S. Economy

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