The Bureau of Labor Statistics reported today that 252,000 jobs had been created in December, meaning a total of 2.952 million jobs were created in all of 2014, the fastest pace of job growth since 1999, when just over 3 million jobs were created. One negative note however, is that average hourly earnings dropped 5 cents to $24.57, following a 6 cents bump last month. One difference between 2014 and 1999 is the labor force participation rate, which measures how much of the adult population is working or looking for work.
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Singers Nick Carter (left) and AJ McLean of Backstreet Boys attend Glamorama presented by Macy’s Passport at Orpheum Theatre on Sept. 12, 2013 in Los Angeles, California. Getty Images Imeh Akpanudosen We Want It That Way: 2014 Was The Strongest Year For The Job Market Since The Millennium – BuzzFeed News