U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent

January 8, 2016 1:37 PM

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U.S. added 292,000 jobs in December; unemployment rate steady at 5 percent

The U.S. economy finished the year with an aggressive hiring spree, adding 292,000 new jobs as the unemployment rate held steady at 5 percent, according to new government data released Friday morning.

The latest jobs report exceeded the expectations of economists and investors and provided a reassuring note about the resiliency of the labor market, even amid volatile oil prices, a major slowdown in China, and modest overall growth at home.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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