The December jobs report is out, and average hourly earnings grew 0.1% month over month and 1.8% year over year.
Analysts were expecting 0.2% MoM growth and 1.9% YoY.
Only 74,000 workers were added to nonfarm payrolls in December, a huge miss from the consensus estimate of 197,000.
Still, the unemployment rate dropped to 6.7% from 7.0%.
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