Wages grew 2.5% compared with a year ago. By December 2017, it dropped to 6.8 percent.
Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
In January 2017, there were 18,436,000 employed black Americans over the age of 16.
There's every reason to expect the December jobs report to largely reflect 2017, and leave the tightening, with the likely dip into unemployment rates starting with a "3" and marked improvements in earnings for 2018.
Manufacturing, another area of gains, added 25,000 jobs because of strong numbers in durable goods - including motor vehicles -, which contributed 21,000 to the total. Over the past 12 months, the economy added 422,500 jobs with the gains driven by 394,200 new full-time positions, the agency's labour force survey said. That was below what economists expected, but still the 87th straight month of gains - the longest streak on record.
Canada added 79,000 jobs last month, blowing past expectations and pushing the jobless rate to its lowest level since 1976. Eight years later, with unemployment at 4.1%, workers have the upper hand.
More broadly, the job market is shifting in a way that economists say helps explain why wage growth has been so sluggish.
While modest, the job gains underscore the economy's continued health in its ninth year of recovery.
The loonie jumped on Friday's news, gaining nearly three-quarters of a cent to change hands at 80.74 cents United States shortly after the numbers came out at 8:30 a.m. eastern time.
Comcast after the Tax Cuts and Jobs Act passed in December that they will distribute $1,000 bonuses to more than one hundred thousand frontline and non-executive employees and invest more than $50 billion in infrastructure over the next several years as a result of Republicans passing tax reform. A rate that low would mark the lowest such level in almost a half-century, and it would likely force businesses to accelerate pay raises to attract and retain employees.