• How can the unemployment rate increase if the economy is adding so many jobs?

    5 monthes ago - By Calculated Risk

    FAQ: How can the unemployment rate rise if the economy is adding so many jobs?
    The BLS reported this morning that the economy added 312,000 jobs, but the unemployment rate increased to 3.9% from 3.7% in November.
    This data comes from two separate surveys. The unemployment Rate comes from the Current Population Survey (CPS: commonly called the household survey ), a monthly survey of about 60,000 households.
    The jobs number comes from Current Employment Statistics , a sample of approximately 634,000 business establishments nationwide.
    These are very different surveys: the CPS gives the total...
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  • Dow Jones Industrial Average rallies 760 points to highs of the day

    5 monthes ago - By ETF Daily News

    From Fred Imbert : Stocks rallied on Friday after two positive pieces of news for the market.
    At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs.
    Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. Powell's comments pushed equities to their highs of the day.
    The Dow Jones Industrial Average rose 760 points, or 3.4 percent. The S&P 500 rallied 3.4 percent, with the tech sector...
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  • US employers went on a hiring spree in December: 312K jobs

    5 monthes ago - By Chron

    WASHINGTON - U.S. employers dramatically stepped up 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 government shutdown.
    The Labor Department said Friday that the unemployment rate rose slightly to 3.9 percent, but that reflected a surge in job seekers - a positive for growth.
    Average hourly pay improved 3.2 percent from a year ago, up from 2.7 percent at the end of 2017.
    The jolt in hiring offered a dose of reassurance after a tumultuous few months on the financial markets.
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  • Job growth surges by 312,000 in December

    5 monthes ago - By ETF Daily News

    From Jeff Cox : Nonfarm payrolls surged by 312,000 in December. Economists surveyed by Dow Jones had been expecting payroll growth of just 176,000.
    Wages jumped 3.2 percent from a year ago and 0.4 percent over the previous month. The year-over-year increase is tied with October for the best since April 2009.
    The unemployment rate rose to 3.9 percent as more workers joined the labor force.
    Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent.
    The jobless rate, which was last higher in June, rose for...
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