U.S. Economic Indicators

The U.S. economy added 145,000 jobs in December, below expectations. The unemployment rate was unchanged at 3.5%, the labor force participation rate was unchanged at 63.2%, and average hourly earnings annual growth was 2.9%. BLS Report

U.S. News

According to the Wall Street Journal, New York Fed President John Williams stated that low interest rates in advanced economies are likely to persist for some time, posing challenges for how central banks operate. He noted that current low rate levels are largely due to “demographic changes, slow productivity growth, and demand for safe assets,” all longer-term trends unlikely to change in the near future. WSJ