The final jobs report of President Obama’s presidency appears to be a mixed bag. On the one hand, the U.S. gained fewer jobs than expected: the economy added 156,000 jobs — around 20,000 to 30,000 fewer jobs than economists were expecting. The unemployment rate also ticked up slightly, from 4.6 to 4.7 percent.
On the other hand, wages in December rose 2.9 percent over the past year. It’s a yearly growth rate that we haven’t seen since 2009.