Hiring surged in December, employers added 312,000 jobs

[Cannons Front]

New York (CNN Business) US employers added 312,000 jobs in December, well above what economists expected and underlining that the American economy remains strong despite recent market turbulence.


The unemployment rate rose to 3.9% as more people were looking for work. It had been at a 50-year low of 3.7% for two of the last three months. Employers added 2.6 million jobs in 2018, compared to 2.2 million in 2017.

https://www.cnn.com/2019/01/04/econo...ort/index.html

Two years in and the numbers are still moving up and looking good.

[MisterVeritis]

New York (CNN Business) US employers added 312,000 jobs in December, well above what economists expected and underlining that the American economy remains strong despite recent market turbulence.


The unemployment rate rose to 3.9% as more people were looking for work. It had been at a 50-year low of 3.7% for two of the last three months. Employers added 2.6 million jobs in 2018, compared to 2.2 million in 2017.

https://www.cnn.com/2019/01/04/econo...ort/index.html

Two years in and the numbers are still moving up and looking good.

Thanks, Obama! LOL.

[Peter1469]

That is the largest surge we have seen in a while. The Obama talk that less than 200K is the new normal was Fem talk.

Americans will work if given the chance. I know that we have some here asking for money for non-workers. No to that.

[gamewell45]

New York (CNN Business) US employers added 312,000 jobs in December, well above what economists expected and underlining that the American economy remains strong despite recent market turbulence.


The unemployment rate rose to 3.9% as more people were looking for work. It had been at a 50-year low of 3.7% for two of the last three months. Employers added 2.6 million jobs in 2018, compared to 2.2 million in 2017.

https://www.cnn.com/2019/01/04/econo...ort/index.html

Two years in and the numbers are still moving up and looking good.

Good news, except with the shutdown in effect and looking like it's going to be a long term shutdown, it will have a negative impact on the numbers probably starting next month. It will be interesting to see where the numbers are six months from now.

[Captdon]

The shutdown will only affect those who are laid off. It won't count those who are working without pay.

Having said that- another Trump failure.

[IMPress Polly]

The almost comical thing about this development is that stock markets may well actually fall in protest, on the grounds that this may motivate the Federal Reserve to continue raising interest rates to combat inflation. That is the sort of warped logic around which our system works.

[Tahuyaman]

The almost comical thing about this development is that stock markets may well actually fall in protest, on the grounds that this may motivate the Federal Reserve to continue raising interest rates to combat inflation. That is the sort of warped logic around which our system works.

The stock market reacts, stabilizes then continues an upward trend.

[IMPress Polly]

The stock market reacts, stabilizes then continues an upward trend.

I don't think so. What we've seen since October reminds me of what we saw in the summer of 2007. There is a real debt crisis in America right now, and I don't just mean at the federal level. I mean at the individual level. That's how we have chosen to recover from the last recession and it's going to come back and bite us. That's what these wild fluctuations on Wall Street should tell us. Wall Street is panicky these days because they know good and well that the economy, being built on this foundation of massive personal indebtedness, is very fragile right now and that any sudden reduction in the anticipated money supply being pumped in could easily send it spiraling into recession. That tipping point could come in the form of anything from an interest rate hike to a sudden increase in tariffs.

Half of economists recently surveyed believe we will be in a recession within the year. I believe that half.

[Tahuyaman]

I don't think so. What we've seen since October reminds me of what we saw in the summer of 2007. There is a real debt crisis in America right now, and I don't just mean at the federal level. I mean at the individual level. That's how we have chosen to recover from the last recession and it's going to come back and bite us. That's what these wild fluctuations on Wall Street should tell us. Wall Street is panicky these days because they know good and well that the economy, being built on this foundation of massive personal indebtedness, is very fragile right now and that any sudden reduction in the anticipated money supply being pumped in could easily send it spiraling into recession. That tipping point could come in the form of anything from an interest rate hike to a sudden increase in tariffs.

Half of economists recently surveyed believe we will be in a recession within the year. I believe that half.

The stock market has periods of volitility, but will continue a long term upward trend.


I know that's people like you want to believe the worst when your guy isn't the POTUS.

[Tahuyaman]

New York (CNN Business) US employers added 312,000 jobs in December, well above what economists expected and underlining that the American economy remains strong despite recent market turbulence.


The unemployment rate rose to 3.9% as more people were looking for work. It had been at a 50-year low of 3.7% for two of the last three months. Employers added 2.6 million jobs in 2018, compared to 2.2 million in 2017.

https://www.cnn.com/2019/01/04/econo...ort/index.html

Two years in and the numbers are still moving up and looking good.

Wages are increasing at a greater rate also.