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Rise in US jobs - unemployment holds steady

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By Euronews
Rise in US jobs - unemployment holds steady

The first major piece of data on the US economic economic calender for 2016 has been released. In December non-farm payrolls grew 292,000 up from 211,00 the previous month.

The unemployment rate held steady at a seven and a half year low of 5.0 percent for a third straight month.

Economists had been expecting 200,000 new positions.

The Federal Reserve last month raised overnight interest rates by a quarter percentage point the first increase in nearly a decade.

While December’s figures would favour another rate hike in March, economists say financial market turmoil and concerns among policymakers over low inflation suggest the US central bank may stay on the sidelines a bit longer.