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Friday, January 6, 2023

The Daily Money: US economy added 223,000 jobs in December

Hiring slowed modestly last month with employers adding 223,000 jobs, according to the jobs reporter. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, January 6

Happy Friday, Daily Money readers. It's Bailey Schulz here with today's headlines.

The Labor Department released its latest jobs report today, revealing that hiring slowed modestly last month with employers adding 223,000 jobs. 

The annual increase for average hourly wages rose 4.6% last month, down from 4.8% in November. That's good news for the Federal Reserve, which has been looking for a pullback in pay increases to beat back inflation and pause its aggressive campaign of interest rate hikes. 

Most economists expect the U.S. to slip into a mild recession this year due to the Fed's rate increases.  

Free Wi-Fi coming to Delta passengers

Starting next month, Delta will offer free, streaming-quality Wi-Fi to all SkyMiles members. (Signing up as a member is free and can be done during a flight.) The announcement was made at this year's CES tech show in Las Vegas

More than 500 aircraft will have free Wi-Fi available Feb. 1, and the service is expected to be available in Delta's full fleet by the end of next year.  

And coming this spring, Delta is expected to launch a personalized landing page accessible through its planes' Wi-Fi. The Delta Exclusives Hub will allow travelers to steam content and play games from partners like The New York Times games, Paramount+, Atlas Obscura and others. 

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🚨 Recall alert 🚨

Several Mercedes-Benz model vehicles were voluntarily recalled over an issue that can cause the engine to stall while driving, according to the National Highway Transportation Safety Administration. The recall may affect 323,963 vehicles spanning model years 2012 to 2020.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

You can follow USA TODAY reporter Bailey Schulz on Twitter @bailey_schulz and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday.

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