Posted on 01/04/2019 7:41:13 PM PST by mdittmar
WASHINGTON (AP) — U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street.
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.
The nation’s unemployment rate rose slightly to 3.9 percent last month, but that, too, was considered a positive sign, reflecting an increase in Americans beginning to look for work. And average hourly pay improved 3.2 percent from a year ago.
Stocks surged on the news, along with word that the U.S. and China will hold trade talks next week and comments from Federal Reserve Chairman Jerome Powell that the Fed will be flexible in judging whether to raise interest rates further. The Dow Jones industrial average shot up 747 points, or 3.3 percent.
President Donald Trump called the job growth “GREAT” on Twitter.
(Excerpt) Read more at apnews.com ...
unexpectedly?
“Surprising” ... AP’s new word for Trump successes. They used to use “Unexpected” to describe Obama’s failures.
Such pathetic tools.
Not like the president had anything to do with it. Unless it was Obama.
I’ll bet GDP will be between 3.5 and 4.0.
“after a turbulent few months on Wall Street”
typical lie from AP ... the “turbulence” has been only during the last month ...
...US employers went on a surprising hiring spree in December...
The only ones surprised are Democrats & their tail wagging lackey MSM Democrat Typists posing as Reporters.
Ha haaaaa! Wait until the Ape Pee has to report that the “revised” numbers are even better.
I think the turbulence was due to the FED influencing the elections.
Doesn’t hiring usually go up for holiday hires?
Employment numbers are "seasonally adjusted". In other words, the BLS knows about the extra holiday hires and adjusts the actual numbers they get downward to subtract out the seasonal workers.
These are real, permanent jobs added.
More of the “surprising” and “unexpected” reporting from the Media! LOL!
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