U.S. Job Growth Rebounds in December; 164,000 Jobs Added But Wage Growth Slows
• U.S. private employers added 164,000 jobs in December, exceeding expectations • Payrolls rose after a downwardly revised 101,000 jobs added in November • Leisure, hospitality, and construction industries led the job gains • Wage growth eased to 5.4% from 5.6% in November • Slowing wage growth could reduce risk of a wage-price spiral