Attacks from the Left

December Marks Unexpected Job Growth

Trump promised us more jobs, and we’re getting them

According to a report released Friday by the Bureau of Labor Statistics, the US economy added 312,000 jobs in December.

This is far higher than economists’ estimate of 176,000.

Job growth for October and November was revised to 247,000 and 176,000, respectively.

The stats for December are surprising considering recent warnings about an economic slowdown caused by factors including: trade tensions with China, the Federal Reserve’s decision to increase interest rates for a fourth time in 2018, and the partial government shutdown.

“The far bigger than expected 312,000 jump…would seem to make a mockery of market fears of an impending recession,” said economist Paul Ashworth, adding that the US economy “still has considerable forward momentum.”

As a whole, the US added 2.64 million jobs in 2018 (compared to 2.19 million in 2017 and 2.34 million in 2016).

Other stats from December:

  • Wages increased 3.2% compared to December 2017
  • Wages increased 0.4% compared to November 2018
  • Hourly earnings increased 0.4%
  • Average work week increased by 0.1 hours to reach 34.5 hours
  • Unemployment rate rose slightly to reach 3.9%

Leading the way in new jobs was the healthcare industry, which added 50,000 jobs during the month of December.

Other notable increases include:

  • Bars and restaurants with 41,000 jobs
  • Construction with 38,000 jobs
    Manufacturing with 2,000 jobs
    Retail with 24,000 jobs
    Government with 11,000 jobs

The Bureau’s report, combined with news of upcoming trade talks with China and suggestions the Fed could reconsider its plans to increase rates in 2019, contributed to a stock market surge that came as a relief to investors following record losses on Christmas Eve.

Categories
Attacks from the LeftBorder UpdatesElection NewsForeign PolicyMueller ReportUncategorized
One Comment
  • Stevseda
    12 October 2019 at 3:16 am
    Leave a Reply

    Viaga Suppliers Keflex Urinary Tract Infections Bacteria Resistance Buy Generic Progesterone Best Website With Free Shipping orlistat canada Azithromycin For Sale Online

  • Leave a Reply

    • Biden to Allow Military Funding for Sex Change Surgeries January 26, 2021
      President Joe Biden reversed Trump's executive order that banned transgender people from serving in the military and prevented military funding for sex reassignment surgeries. The Trump executive order was issued in 2017 and went into effect in 2019. Biden reversed it on Monday. “Allowing all qualified Americans to serve their country in uniform is better […]
    • Ted Cruz is the New Target of the Lincoln Project January 25, 2021
      One of the co-founders of The Lincoln Project warned Republican Texas Senator Ted Cruz that he will be their next target. The Lincoln Project co-founder Rick Wilson told the podcast “Y’all-itics” on January 18 that the pseudo-conservative, Trump-hating group plans to target Ted Cruz for “inflaming [a] crowd” that stormed the Capitol Building on January […]
    • Joe Biden, a president who will be defined by decadence January 22, 2021
      Joe Biden is by no means a strong, let alone a groundbreaking politician. His victory in the election was by no means overwhelming. If, at the moment, we are seeing gushing emotions from officials in Washington and the US mainstream media over his inauguration, then it is for one reason only: he is not Donald […]
    • Which State is Handling COVID Best? January 22, 2021
      The coronavirus pandemic has been a vastly different experience in Florida than in California. In the Golden State, Democratic Governor Gavin Newsom has implemented round after round of closures and has forced students to continue taking classes online. Compare this to Florida, where Republican Governor Ron DeSantis allowed bars and restaurants to reopen in the […]
    • Germany Throws Quarantine Breakers into Camps January 22, 2021
      Germany’s police force is reportedly using juvenile detention centers, fenced-in refugee camps, and hospitals to hold citizens that repeatedly violate quarantine rules, curfews, and other COVID restrictions. Such activity is legal under the Disease Protection Act, but critics worry that Germany is crossing a line. “German authorities have come under fire for their management of […]
    • Is Biden Really a Good Catholic? January 22, 2021
      There is an old adage that one should never discuss politics or religion. Perhaps that is because both tend to be based on beliefs rather than empiricism. Regardless of the admonition, I will jump headlong into a subject that is both political and religious. I enter such dangerous ground only because the issue of religious […]
    • Scientists Create Robotic Life – What Could Possibly Go Wrong? January 22, 2021
      It may sound like the plot of any number of Sci-Fi movies from Bladerunner to the Terminator, but scientists have created what, for all intents and purposes, is a “robotic lifeform.” A research team has published its recipe for making a new lifeform from stem cells, called xenobots. The term "xeno" comes from the frog […]
    • The Biden Administration is Asking for Your Pronouns January 21, 2021
      On Biden's first day in office, his administration has already changed the contact form on the White House website. It now includes a question asking which pronoun you use. The @WhiteHouse website contact form now asks for your pronouns. pic.twitter.com/W5S36efo1d -- GLAAD (@glaad) January 20, 2021 This was just one of the 17 executive orders […]
    • Biden’s Covid Response Team Has Ties to Mask-Making Company January 21, 2021
      Andy Slavitt, an incoming advisor for Joe Biden’s COVID-19 response team, has ties to a big mask-making company. Slavitt hosted a bi-weekly podcast about the pandemic called “In the Bubble.” The podcast was flooded with advertisements for Livinguard, a Swiss company that makes medical-grade masks. According to an Axios report: "Slavitt said during one episode: […]
    • China is Committing Genocide January 20, 2021
      The United States has declared that China is committing genocide and crimes against humanity in its treatment of the country’s Uyghur population in the Xinjiang region. Mike Pompeo, Secretary of State, issued a statement condemning China's behavior. “I believe this genocide is ongoing, and that we are witnessing the systematic attempt to destroy Uighurs by […]