U.S. Adds 312000 Jobs in December
Wages increased by 3.9 percent from year previous
The Department of Labor released their report on the labor market on Thursday, finding that the U.S. had an unexpectedly strong month for hiring in December. Across the nation, employers added about 312,000 jobs. The unemployment rate also increased to 3.9 percent, a sign that more Americans are re-entering the job market as they look for work. The average hourly pay also improved 3.2 percent from a year ago.
Of the 312,000 jobs, 82,000 are in healthcare and education, 40,700 are in the restaurant industry, and 38,000 are in construction. Following the news, stock prices improved. President Trump also took to Twitter, describing the Labor Department’s numbers as “GREAT.” The report from the Labor Department suggested that the economy was still in a state of growth and that consumer spending is expected to improve over the next months.
- For the Department of Labor to gather information that gives the best picture of the job market.
- For President Trump to have wisdom on the best ways to help the economy flourish during his time in office.
- For those who are seeking employment to find fulfilling work.