The U.S. economy created 228,000 jobs in November while the unemployment rate held steady at 4.1 percent, according to a Labor Department report Friday.
Economists surveyed by Reuters had expected nonfarm payrolls to grow by 200,000.
Wall Street also was watching wage data closely. Average hourly earnings were estimated to rise 0.3 percent for the month or 2.7 percent for the year, and the final results disappointed in that regard.
Earnings rose 0.2 percent for the month and 2.5 percent for the year.
Federal Reserve policymakers have been concerned over the lack of income growth, though they are still expected to raise the central bank’s benchmark interest rate a quarter point next week.
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