Unemployment Rates Remained Steady in December
Labor Department Releases Job Numbers
The department of Labor released December’s job numbers on Friday, displaying that the unemployment rate has held steady at 3.5%. This metric displays that the American job market has remained strong over the last couple of months. Hiring slipped from the strong month of November where 256,000 jobs were added. December saw 145,000 jobs created.
Annual wage growth fell in December to 2.9% down from the annualized average of 3.3% in 2018. 2019 saw an average of 175,000 jobs added per month, under 2018’s 223,250 per month. The Federal Reserve has signaled that it will keep rates low, with signs that the national economy is growing, with the Dow Jones hitting a record-level 29,000 points.
- For the Labor Department to be guided on how best to strengthen the U.S. economy.
- For the Federal Reserve to have wisdom on how best to set interest rates.
- That God would guide the Trump Administration on how to best set a strong economy.