Economists called a slowdown in wage growth disappointing as the U.S. government reported the latest jobs figures on Friday, even as the unemployment rate stayed at a 50-year low.

As MarketWatch writes, wage growth over the past year has slipped to 2.9% from 3.1%, marking the first time it’s dropped below 3% since the summer of 2018. Meanwhile, the economy added 145,000 jobs in the final month of 2019 and the jobless rate stayed at 3.5%.

Read MarketWatch’s December jobs-report story.