Good month for job growth; bad month for wages

By Kent Hoover December was another good month for jobs growth, with one exception: Workers made less money.

Here are the headline numbers from Friday’s Bureau of Labor Statistics report: Employment rose by 252,000 jobs, the unemployment rate fell to 5.6 percent — it’s lowest level since since June 2008 — and average hourly earnings fell by 5 cents to $24.57.

Here’s what those numbers mean as we enter this new year:

The economy is cooking when it comes to jobs

Job growth averaged 246,000 per month in 2014,… Read More

Source:: TBBJ Real Estate