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Financial News: U.S. Employment Climbs Much Less Than Expected In

U.S. Employment Climbs Much Less Than Expected In December

01/05/2018 - 08:40:00 (RTTNews)

(RTTNews) - After reporting a bigger than expected jump in employment in the previous month, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than anticipated in the month of December.

The report said non-farm payroll employment climbed by 148,000 jobs in December after spiking by an upwardly revised 252,000 jobs in November.

Economists had expected employment to increase by 190,000 jobs compared to the addition of 228,000 jobs originally reported for the previous month.

Meanwhile, the Labor Department said the unemployment rate came in at 4.1 percent in December, unchanged from the two previous months and in line with economist estimates.

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