What’s been a turbulent week on the stock market ended with a positive jobs report. The Labor Department reported today that the economy added 292,000 jobs in December, better than many expectations.
The unemployment rate held steady at 5 percent, but average hourly wages were flat. This comes weeks after the Federal Reserve decided to raise its benchmark interest rates for the first time in nearly a decade.
Michael Regan of Bloomberg News discusses the December jobs report with Here & Now’s Peter O’Dowd.
Guest
- Michael Regan, editor at Bloomberg News. He tweets @Reganonymous.
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