BREAKING: The U.S. economy added 199,000 jobs in December, falling far short of expectations.
moved lower following the report, while bond yields were in positive territory though off their highs of the morning.
Average hourly earnings rose more than expected as the U.S. sees its fastest inflation pace in nearly 40 years. Wages rose 0.6% for the month and were up 4.7% year over year. That compares to respective estimates of 0.4% and 4.2%. Other sectors seeing job gains included construction , transportation and warehousing and wholesale trade .
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