December Job and Wage numbers better than expected

[ntdz]

http://money.cnn.com/2007/01/05/news/ec...eport/index.htm?postversion=2007010511

Employers added 167,000 jobs to U.S. payrolls in December, up from 154,000 in November, which was revised higher, the Labor Department reported. Economists surveyed by Briefing.com had forecast only a 100,000 rise in payrolls in December.

The wage gain left average hourly wages up 4.2 percent from a year earlier - well above the pace of inflation, which rose only 2 percent in the 12 months ended in November, according to a separate government reading.

The economy continues to do well, and over the last year wages grew faster than inflation, which is a big point, especially for the liberals.

 

[EagleKeeper]

"repost" - See Dave's FUD thread