U.S. economy added 148,000 jobs in December, fewer than expected

The economy added 148,000 jobs in December.

(Image credit: Joe Raedle/Getty Images)

published 5 January 2018

U.S. employers added 148,000 non-farm jobs in December, the Labor Department reported on Friday. The numbers fell short of the average increase of about 190,000 predicted by economists, and marked a slowdown from an average increase of 232,000 in the two previous months. Economists had been predicting that hiring would slow down eventually, just not this soon. The unemployment rate remained unchanged at 4.1 percent. Wages increased by 2.5 percent over the last 12 months, edging up from November's 2.4 percent figure, but still considered sluggish.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.