US economy gained just 155K jobs in November, vs. 198K expected
I really hope our economy gets better. It is usually the folks at the bottom who eventually get hit the hardest.
https://kvoa.com/news/national-news/2018/12/07/us-economy-gained-just-155k-jobs-in-november-vs-198k-expected/
US economy gained just 155K jobs in November, vs. 198K expected
NBC News
6:19 pm
December 7, 2018
NBC – The U.S. economy gained just 155,000 jobs during the month of November, according to data released Friday by the Bureau of Labor Statistics. Economists had predicted a gain of 198,000, compared with October’s robust 237,000.
November’s report showed the unemployment rate unchanged, at 3.7 percent, the lowest in almost 50 years, and wage growth ticked up to 3.1 percent — partly due to an increase in minimum wage by retail giant Amazon — matching the heady gain in October, which saw wage gains spike at the fastest pace since 2009.
“Today’s lower-than-expected job numbers may appear particularly disappointing after such a strong month in October,” said Steve Rick, chief economist at CUNA Mutual Group. “However, it’s hard to expect the economy to sustain over 200,000 jobs each month while maintaining such a low unemployment rate, especially given the impact of wildfires and the continuation of tariffs and trade policy changes.”
The latest snapshot of the economy comes amid a turbulent week on Wall Street, where mounting political tension with China, concerns about a global economic slowdown, and fears of a U.S. recession led to a massive sell-off.........................
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