A surge in hiring is not sparking a rally on Wall Street. Right now the Dow’s down points, despite strong numbers in the new jobs report.
FOX’s Rachel Sutherland reports:
The December employment report exceeded expectations, 292,000 jobs were added to payrolls, while the unemployment rate held steady at 5%.
Mark Hamrick with Bankrate.com says there were gains in construction and professional services.
(Hamrick) “The outlook is probably brightest for employment in healthcare for the foreseeable future.”
Wages were flat at just over $25.00 an hour, a trend that persisted throughout 2015. The labor force participation rate is up slightly, at 62.6%.
In Washington, Rachel Sutherland, FOX News.