The jobs numbers released Friday exceeded expectations of economists and are through the roof! The economy is soaring despite the Democrats efforts to damage it. How will they spin this?
U.S. jobs increased by 312,000…far better than the predicted 176,000 jobs. That’s nearly double the amount expected!
Wages also grew 3.2% year-over-year vs. an estimated 3%.
The stock market is soaring today on the news.
Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000in December though the unemployment rate rose to 3.9 percent.
The jobless rate, which was last higher in June, rose for the right reason as 419,000 new workers entered the workforce and the labor force participation rate increased to 63.1 percent. The participation level was up 0.2 percentage points from November and 0.4 percentage points compared with a year earlier.
In addition to the big job gains, wages jumped 3.2 percent from a year ago and 0.4 percent over the previous month. The year-over-year increase is tied with October for the best since April 2009. The average work week rose 0.1 hour to 34.5 hours…
…Economists surveyed by Dow Jones had been expecting job growth of just 176,000, though they projected the unemployment rate to fall to 3.6 percent. The wage number also was well above expectations of 3 percent on the year and 0.3 percent from November.
It blew away all the seers. Trump wins again!