US employers added a stellar 312,000 jobs in December
January 4, 2019
U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government.
The Labor Department said Friday that the unemployment rate rose slightly to 3.9 percent, but that reflected a surge in jobseekers— a positive for growth.
Average hourly pay improved 3.2 percent from a year ago.
The health care, food services, construction and manufacturing sectors were the primary contributors to last month’s hiring.
Read more in Associated Press.