US gains 312,000 jobs in Dec

he U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing the economy still has plenty of staying power despite growing worries about a slowdown. The surge in hiring was the largest since February. Previously, the economists had forecast a 182,000 increase.

  • Upvote 1

Share this post


Link to post
Share on other sites

but wages are stagnating 

Share this post


Link to post
Share on other sites

Remember, unemployment rate is percentage of people on unemployment insurance, not people who don't have a job. That's a different number. Also, I think December has a lot of seasonal jobs

Share this post


Link to post
Share on other sites

4 minutes ago, JohnAtronis said:

but wages are stagnating 

In December, average hourly earnings for all employees on private nonfarm payrolls rose 11 cents to $27.48. Over the year, average hourly earnings have increased by 84 cents, or 3.2 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 9 cents to $23.05 in December.The change in total nonfarm payroll employment for November was revised up from +155,000 to +176,000, and the change for October was revised up from +237,000 to +274,000. With these revisions, employment gains in October and November combined were 58,000 more than previously reported.

  • Great Response! 1
  • Upvote 1

Share this post


Link to post
Share on other sites

2 minutes ago, Meanwhile said:

Remember, unemployment rate is percentage of people on unemployment insurance, not people who don't have a job. That's a different number. Also, I think December has a lot of seasonal jobs

no increase in full time jobs apparently. Just folks delivering parcels for Amazon

  • Downvote 1

Share this post


Link to post
Share on other sites

Just now, Sefko Trafikant said:

no increase in full time jobs apparently. Just folks delivering parcels for Amazon

All those Santas'

  • Downvote 1

Share this post


Link to post
Share on other sites

12 minutes ago, Joanna said:

he U.S. gained 312,000 new jobs in December, capping off the biggest increase in hiring in three years and showing the economy still has plenty of staying power despite growing worries about a slowdown. The surge in hiring was the largest since February. Previously, the economists had forecast a 182,000 increase.

This is the reason why the Fed was hiking...the labour market is very tight, which means underlying core inflation is going to go up. 

  • Like 1

Share this post


Link to post
Share on other sites

1 minute ago, 李伟王芳 said:

This is the reason why the Fed was hiking...the labour market is very tight, which means underlying core inflation is going to go up. 

Another reason to increase interest rates.

Share this post


Link to post
Share on other sites

“You didn’t build that”.

More economic statistics Obozo will take credit for.

Share this post


Link to post
Share on other sites

17 hours ago, JohnAtronis said:

but wages are stagnating 

The opposite is true. 

  • Like 1

Share this post


Link to post
Share on other sites

(edited)

17 hours ago, Stephen said:

Another reason to increase interest rates.

So slow the economy so that people cannot make a better wage? Where is the inflation anyway? It is at a near ideal rate. 

http://www.in2013dollars.com/inflation-rate-in-2018

Edited by ronwagn
  • Like 1

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0