WASHINGTON—U.S. employers added jobs at a robust pace in December and wages posted their biggest full-year gain of the expansion, providing a strong new counterpoint to recent worries in financial markets that the economy is sputtering because of trade frictions and rising interest rates. Stock prices rose on the economic news, then jumped even higher after Federal Reserve Chairman Jerome Powell said the Fed would be patient about further increases in rates this year.

Source: Wall Street Journal January 04, 2019 13:39 UTC