Economy Adds 292,000 Jobs In December

04:32

January 08, 2016

Job applications and information for the Gap Factory Store sit on a table during a job fair at Dolphin Mall in Miami, on Oct. 6, 2015. (Wilfredo Lee/AP)

What's been a turbulent week on the stock market ended with a positive jobs report. The Labor Department reported today that the economy added 292,000 jobs in December, better than many expectations.

The unemployment rate held steady at 5 percent, but average hourly wages were flat. This comes weeks after the Federal Reserve decided to raise its benchmark interest rates for the first time in nearly a decade.

Michael Regan of Bloomberg News discusses the December jobs report with Here & Now's Peter O'Dowd.

Guest

Michael Regan, columnist for Bloomberg Gadfly, covering equities and financial services. He tweets @Reganonymous.

This segment aired on January 8, 2016.