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US economy shows resilience with robust hiring in December

A rosy jobs report showed hiring was solid across all sectors of the US economy, with construction leading the wayThe US economy capped a strong year of jobs growth with stellar December data, demonstrating resilience amid slowing global growth, China’s turmoil, and the steep decline of the oil sector. The Labor Department said Friday that employers added 292,000 new jobs last month, a year-end surge that was far better than expected. The report was seen as a good sign for the US economy which is proving to be an island of strength as Europe and Japan continue to struggle and emerging-market economies, led by China, head downward.

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