December jobs report: Wages up, hiring steady as job market ends year strong

Friday’s jobs data showed a strong, resilient U.S. labor market with wages outpacing inflation — welcome news for Americans hoping to have more purchasing power in 2024. The December jobs report unveiled another unemployment rate below 4%, as it has for two years, at 3.7%, the same as it was for November. The economy added 216,000 jobs, many of which were concentrated in health care, local government, construction and social assistance, which includes child care, social workers and home care aides, according to the Bureau of Labor Statistics data. Democrats celebrated the news and took it as an opportunity to voice their…