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Purchasing managers see investment and hiring growing at a slower pace next year.
Trade wars threaten to slow pace of expansion, economists say.
Jobless rate hit a nine-year low of 4.6%, but wages unexpectedly declined.
"Populism is definitely good politics, but it's not good economics."
"Populism is definitely good politics, but it's not good economics."
Treasury would cut other government spending to meet interest payments on debt.
While decline in claims suggests fewer firing, it doesnt ensure more hiring.
Fourth-quarter GDP rose 2.5% as decline in defense outlays undercut gain in consumer spending.
Payrolls vault to higher pace for companies from Ford to Geico.
Report, in line with expectations, suggests job market continues to recover.