US gains 312,000 jobs in Dec

[Joanna + 68]

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.

[JohnAtronis + 78]

but wages are stagnating 

[Meanwhile + 49]

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

[Stephen + 67]

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.

[Sefko Trafikant + 35]

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

[Meanwhile + 49]

Just now, Sefko Trafikant said:

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

All those Santas'

[李伟王芳 + 77]

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. 

[Stephen + 67]

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.

[TXPower + 643]

“You didn’t build that”.

More economic statistics Obozo will take credit for.

[ronwagn + 6,290]

17 hours ago, JohnAtronis said:

but wages are stagnating 

The opposite is true. 

[ronwagn + 6,290]

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 January 5, 2019 by ronwagn