A good run for unskilled workers

The unemployment gap between skilled and unskilled workers has been shrinking.

Data: Federal Reserve Bank of St. Louis; Chart: Harry Stevens/Axios

U.S. job growth surges to 312,000 in December

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The economy added 312,000 jobs in December, topping the 180,000 that economists were expecting, while the unemployment rate ticked up to 3.9%, the Labor Department said on Friday.

Why it matters: The final jobs report of 2018 saw even stronger wage growth and increased workforce participation. Both were previously missing factors that have puzzled economists with such a strong labor market.

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