December jobs gain could bring 2015 total to above 2.5 million – Move To America
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December jobs gain could bring 2015 total to above 2.5 million

ID-10096120Jobs data to be released this week is expected to show that the U.S. economy added 200,000 jobs in December, marking the second-best year for job growth since 1998-1999. Economists anticipate that the nonfarm payrolls expanded by 204,000 last month, bringing the 2015 total to more than 2.5 million jobs. Others say that the gain could be as high as 225,000 jobs. In 2014, the U.S. economy has added a total of 3.1 million jobs. The report could also indicate an annual wage growth of 2.8 percent in December, up from 2.3 percent. Much of the gain is due to the service industries, which have expanded lately.

The unemployment rate will most probably stay the same at a seven-year low. Some economists anticipate that the jobless rate, now at 5 percent, could fall to 4.3 percent by the end of the year and to 3.7 percent by the end of 2017.

The monthly job data report will be released on Friday.

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