The economy added 216,000 jobs in December, much more than expected. While the unemployment rate held steady at 3.7%.
But the labor participation rate saw its biggest one-month drop in nearly 3 years, meaning the pool of available workers is shrinking.
Could this end up putting upward pressure on wages, and downward pressure on markets and economy? And what does it mean for the Fed’s plans?
We’ll explore what it all means for you and your money.
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