U.S. employers added a stellar 312,000 jobs in December - News Summed Up

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U.S. employers added a stellar 312,000 jobs in December


The expected continuation of steady job growth suggests that such risks might be — for the moment, anyway — overblown. However, the stock market will have to weigh whether the strong job growth encourages the Fed to hike rates in 2019 more frequently than investors had previously anticipated. President Donald Trump called the job growth "GREAT" on Twitter. In 2018, employers added 2.6 million jobs, or an average of nearly 217,000 a month, according to the Labor Department. "Eventually, job growth is going to start slowing down.


Source: CBC News January 04, 2019 15:00 UTC



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