US added 312,000 jobs in December
U.S. employers added 312,000 workers in December as the economy benefited from retail hiring during the busy holiday shopping season and the country's economic expansion continued.The negative stock market since the Democrats were elected to take over the US House of Representatives apparently fears they will kill the economic boom of the Trump economy. It is also fearful of slowing economic growth outside the US. Democrats tend to impose control freak policies which hamper economic growth and job creation. While Trump will resist such efforts the Democrat attempts could have a negative effect on economic growth.
The increase reported by the U.S. Labor Department on Friday topped the average estimate of 180,000 from economists surveyed by FactSet and remained well above the level needed to keep up with inflation. The unemployment rate, however, inched up to 3.9 percent from a nearly 50-year low of 3.7 percent.
Healthcare jobs increased by 50,000, food services companies added 41,000 workers, and retailers hired 24,000 new employees.