Workers prepare orders in the kitchen at the newest Chopt Creative Salad Co., location in New York City, November 12, 2019.
Job growth in December slowed and wage growth was lower than expected, but the government’s employment report Friday assured markets that the labor market remains strong enough and inflation is not likely to be a problem in the near future.
The 145,000 nonfarm payrolls created in December were below the 160,000 expected by economists. Wage growth was expected at 3.1% year over year, but it came in at just 2.9%. Some economists had expected the