AMAZING JOBS REPORT …
Jobs, jobs, jobs … The U.S. gained 312,000 jobs in December 2018, shattering the market forecast of a 182,000 increase. The DOW jumped over 700 points on Friday after amazing, blockbuster job report and Fed rate fears ease. The unemployment rate is at 3.9% The fact of the matter is the US economy is great and only negative talk from the media and an irresponsible fed chair can destroy it. Manufacturing added 32,000 jobs in December. Remember when Obama said these jobs were never coming back? Think about this America, this is how good the Trump economy is, in the wake of a fully employed economy and after the fed has irresponsibly raised interest rates, jobs are still being created in massive numbers.
The U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing that second longest economic expansion in U.S. history still has plenty of staying power despite growing worries about a slowdown.
The surge in hiring was the largest since February. Economists surveyed by MarketWatch had forecast a 182,000 increase.
Hiring in November and October was also stronger than originally reported, the government said Friday.
Strong hiring has also given workers more bargaining power with their bosses. The amount of money the average worker earns climbed 11 cents, or 0.4% to $27.48 an hour last month.
What’s more, the increase in pay in the past 12 months rose to 3.2% from 3.1%, matching a post-recession high set earlier in the year.
Health-care providers hired 50,000 people, professional firms filled 43,000 positions, manufacturers added 32,000 jobs, construction firms beefed up payrolls by 32,000 and restaurants employed 41,000 additional workers.