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Strategies & Market Trends : Currents of Currency

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From: Ahda1/9/2015 11:32:43 AM
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(Reuters) - U.S. job growth increased briskly in December and the jobless rate dropped to a 6-1/2 year low, but wages slipped in the latest sign a tightening labor market has yet to give much of a boost to workers. Nonfarm payrolls increased 252,000 last month after an upwardly revised 353,000 jump in November, the Labor Department said on Friday. The unemployment rate fell 0.2 percentage point to 5.6 percent, partly because people left the labor force.

But a five cent drop in average hourly earnings, which nearly erased gains seen in November, took some shine off the otherwise mostly upbeat report. Over the past year, earnings rose only 1.7 percent, the weakest 12-month showing since October 2012.
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