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American employers create fewer than forecast jobs in December

American employers create fewer than forecast jobs in December

The U.S. jobs report released on Friday showed that American employers created a fewer than forecast jobs in December, while unemployment rate stabilized at record low.  

Analysts predicted a job creation of 162,000 jobs, compared to the actual reading of 145,000, while the previous reading of 266,000 jobs was revised down to 256,000 job-gain in November.

Unemployment rate remained at its record low of 3.5 percent, moving in line with analysts’ projections. 

The average hourly earnings soared 0.1 percent last month after a 0.4 percent increase in November, compared to estimates of 0.3 percent surge. The annual earnings growth rose to 3.1 percent from 2.9 percent.

The dollar index, which tracks the movements of the green currency versus a basket of major currencies, erased its earlier gains to trade lower at 97.10, but still set for a weekly gain, as of 13:45 GMT. 

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