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2016 wage growth: good but not great

About 1,500 people seeking employment wait in line to enter a job fair in Washington, D.C. Chip Somodevilla/Getty Images

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The U.S. economy added 178,000 jobs in November, with the unemployment rate declining to 4.6 percent. 

Forecasts had predicted a net gain of around 180,000, jobs, a signal of steady hiring in the labor market.

Though average hourly earnings declined last month, wages have been trending up for some time. But there’s still room for improvement.

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