US wage growth shows Trump will inherit solid labour market

Barack Obama’s final figures show lower-than-expected job creation – but economy still added more than 2m jobs in 2016

The US economy added more than 2m jobs in 2016 and finished the year with a pick-up in wages, suggesting Donald Trump will inherit a solid labour market from outgoing president Barack Obama.

The news of the strongest wage growth since 2009 also raised expectations that the president-elect’s first year in office will be accompanied by a series of interest rate rises from the US central bank.

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Source: Onlineafric

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