The U.S. Bureau of Labor Statistics says the economy added 312,000 jobs in December, with nearly the same number of additional workers entering the labor force. The unemployment rate rose to 3.9 percent, but that's because more people came off the sidelines to look for jobs, the Labor Department said Friday. Average hourly earnings are expected to have climbed 3 percent from a year ago, up from a year-over-year gain of 2.7 percent at the end of 2017.
The strong employment report likely keeps the Federal Reserve on course to continue raising interest rate this year, deepening its rift with Wall Street and Trump, who has chastised the Fed and its chairman, Jerome Powell, repeatedly for the rate increases.
The Dow Jones Industrial Average rose 600 points as total non-farm payroll employment increased by 312,000 in December, well above consensus estimates of 177,000 jobs created. Manufacturing employment increased by 284,000 jobs over the year, the report said.
But the expected continuation of steady job growth suggests that such risks might be - for the moment, anyway - overblown.
"Friday's payrolls numbers suggest a healthier USA economy than some investors had anticipated", it said. Manufacturing jobs grew by 32,000 last month, construction climbed 38,000, retail was up almost 24,000, health care rose almost 58,000, and leisure and hospitality jumped 55,000.
Job gains were reported across all industries, with the exception of the information sector, which shed employment for the second straight month. For the year, the trucking industry added 36,600 jobs in 2018, up from 9,400 added in 2017 and is the best year for hiring within trucking since the 50,400 jobs added in 2014. Hiring and wage gains will support consumer spending and offer some respite after a spate of weak economic data and cuts in corporate revenue forecasts fueled stock-market jitters.
Kevin Hassett, one of Trump's economic advisers, predicted that if it continued, the current government shutdown would push those job numbers down to a lower level in January.
The average monthly increase in USA construction jobs in 2018 was +23,000, which was +12.0% higher than 2017's average monthly increase of +21,000. Over the course of the year, multiple new records for low unemployment rates within demographic groups were set.
Paychecks grew as employers raised wages to attract new workers.
Manufacturing added 32,000 jobs in December, including more than 19,000 jobs in durable goods and more than 7,000 in fabricated metal products.
For "hard hat" workers excluding supervisory personnel, the latest year-over-year compensation boosts were even more robust, +4.2% hourly and +4.5% weekly. Restaurants and bars added 41,000 jobs.
The large month-to-month gain in jobs in December understates the overall improvement, since there was also a substantial positive revision to prior data.
The economy needs to add 80,000 jobs a month just to maintain current staffing levels, said Joseph Brusuelas, chief economist at RSM, an worldwide consulting firm.
Sunil Chhetri netted twice as India beat Thailand in the 2019 Asian Cup to reach 67 goals and move behind only Cristiano Ronaldo . India top the group with three points ahead of Bahrain and hosts United Arab Emirates tied on a point apiece.
He served as the Rams offensive coordinator in 2017, coming to Los Angeles after two seasons as the Falcons quarterbacks coach. The team is reportedly working on finalizing a deal that is expected to help keep Mike Pettine and the defensive staff in tact.
The ship was refueling at the port of Aden in Yemen when suicide bombers attacked in a small boat filled with explosives. He was sentenced to death but his sentence was later reduced to 15 years in prison, the Associated Press reported.
Samsung's modular displays work on the same principle as stadium scoreboards, where the pixels are made up of LEDs. LAS VEGAS-Samsung has arrived at CES with some very big TVs powered by very small lights.
On Wednesday, a key figure in the yellow vests movement was arrested for allegedly organising an illegal demonstration. There were clashes between police and protesters on what was the first protest of the new year.
The kick hit halfway up the upright and ricocheted off the crossbar, bringing the Bears' breakthrough season to an end. He's made plays when he's had to. "It's one of the worst feelings in the world to let your team down", Parkey said.
"It will be announced probably in the not too distant future", Trump said Sunday about the location of the second summit. Officials from the Blue House in Seoul could not immediately be reached for comment by AFP.
Beijing is planning to send another lunar lander, Chang'e-5, later this year to collect samples and bring them back to Earth. It was not until 1959 that the Soviet Union captured the first images of the moon's mysterious and heavily cratered far side.
Meryl Streep , who plays his mother in the new season, says she wants to find out what happened to her son. There is also the first look at Watchmen , the upcoming superhero series based on DCcharacters.
Van Gaal added: "Having said that, I am glad that City beat Liverpool because it has made this title race even more sensational". We were unlucky at times but that's absolutely OK because when City came to Anfield they missed a late penalty .
7 key stats from Clemson's CFP title win over Alabama
STAT OF THE HALF: This marks just the second time under Nick Saban that a team has scored 28 in the first half vs Alabama . Only Ohio State, who won the inaugural playoff after the 2014 season, has also won a playoff title.
Suspect Charged With Murder In Jazmine Barnes’ Shooting
Gonzalez said it was dark, the shooting happened quickly, and the red truck was probably the last thing seen by Jazmine's family. CORRECTION: A previous version of this story stated that Eric Black Jr . has been charged in the murder of Jazmine Barnes .
World Bank President Jim Yong Kim announces resignation
Mr Kim - who was born in Seoul, South Korea - trained as medical doctor before rising through the ranks at the Bank . The resignation comes as a surprise, as Kim was voted in for a second five-year term in the role in 2016.
Now, a biopic on Prime Minister Narendra Modi
We must say that Vivek Oberoi, who would be using his full name for the first time, looks nearly unrecognisable in the poster. We wish the film releases tomorrow but we know it is going to be a very hard process and you will have to take it seriously.