CAROL LIN, CNN ANCHOR: Numbers coming out of the Labor Department today might effect your stock portfolio. Kelli Arena in Washington has more on that -- Kelli.</s>KELLI ARENA, CNN CORRESPONDENT: Carol Lin, some big news out of the Labor Department today. We have very strong job growth for December: 315,000 new jobs were created. That leaves the unemployment rate at a 30-year low of 4.1 percent, that job creation much stronger than expected. Also much stronger than expected were wages that workers brought home. They increased by 6 cents an hour in December to $13.46. That is twice the rise that Wall Street was expecting and will make investors very, very nervous today. The Fed is keeping a particular eye on the tight labor markets because the tighter the labor markets are, the more employees will have to pay to keep workers, and that does put inflationary pressure on the economy. The Fed is set to meet at the beginning of next month, February 1 and 2, and judging by these numbers, most economists will probably tell us that the Fed will probably raise rates again by 25 basis points when they meet. So not great news for stock and bond holders today, but very good news for the average American worker. This is Kelli Arena, live at the Labor Department in Washington.</s>LIN: That's right. Certainly can't fault more people for finding jobs.</s>ANDRIA HALL, CNN ANCHOR: That's right. That's good news.
Labor Department Reports Very Strong Job Growth for December