jimnyc
01-04-2019, 04:05 PM
The Dow can go down as everyone was alerted to and thought "this was it" - but it shows it can go back up in a flash.
Unemployment looking great all the way around, but a record low for the Hispanic community. Additionally, 312,000 new jobs were created in December. Manufacturing at best levels in 20 years. This is great all the way around, and has been a trend for quite some time now - thanks to Trump.
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US employers went on a surprising hiring spree in December
WASHINGTON (AP) — U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street.
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.
The nation’s unemployment rate rose slightly to 3.9 percent last month, but that, too, was considered a positive sign, reflecting an increase in Americans beginning to look for work. And average hourly pay improved 3.2 percent from a year ago.
Stocks surged on the news, along with word that the U.S. and China will hold trade talks next week and comments from Federal Reserve Chairman Jerome Powell that the Fed will be flexible in judging whether to raise interest rates further.
The Dow Jones industrial average was up roughly 700 points in the afternoon, an increase of about 3 percent. President Donald Trump called the job growth “GREAT” on Twitter.
The torrid hiring in December far outstripped the 180,000 jobs investors had been anticipating and could help ease fears that the economy’s expansion — now in the middle of its 10th year — may be coming to an end.
Rest - https://apnews.com/f3925762c6f845dfab936b45c28b4176
Manufacturing industry posts biggest annual job gain in 20 years
The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997.
A priority for President Donald Trump, manufacturing saw marked hiring in December with an additional 32,000 jobs. Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release. The definition of durable goods is items with a life expectancy of three years or more, such as automobiles, furniture and machinery.
Manufacturing added 207,000 jobs in 2017.
Rest - https://www.cnbc.com/2019/01/04/manufacturing-posts-best-calendar-year-for-job-gains-since-1997.html
Hispanic Unemployment Rate Hits Record Low in December
he national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force hit its lowest level on record in December of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show.
In December, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.4%, down from 4.5% in November - tying its record low of 4.4% set in October of this year. BLS began tracking Hispanic-Latino employment data in 1973.
The number of Hispanics employed set a new record high of 27,701,000 in December, as their unemployment rate fell to a record low. The number of Hispanics employed, participating in the workplace, and civilian population all rose in December, as Hispanics' labor force participation rate increased from 66.8% to 67.0%, recording its fourth straight monthly increase.
Rest - https://www.cnsnews.com/blog/craig-bannister/hispanic-unemployment-rate-hits-record-low-december
Dow surges more than 700 points after Powell comments, blowout jobs report
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.
The Dow Jones Industrial Average traded 726 points higher, or 3.2 percent, and briefly rose more than 800 points. The S&P 500 rallied 3.28 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a rebound from Thursday’s plunge, which was triggered by a massive drop in Apple’s stock.
Stocks took off after Powell hinted the central bank could pause its rate hikes, something this beaten-down market was waiting for. “As always, there is no preset path for policy, ” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”
Rest - https://www.cnbc.com/2019/01/04/stock-market-investors-react-to-us-china-trade-talks.html
Unemployment looking great all the way around, but a record low for the Hispanic community. Additionally, 312,000 new jobs were created in December. Manufacturing at best levels in 20 years. This is great all the way around, and has been a trend for quite some time now - thanks to Trump.
---
US employers went on a surprising hiring spree in December
WASHINGTON (AP) — U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street.
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.
The nation’s unemployment rate rose slightly to 3.9 percent last month, but that, too, was considered a positive sign, reflecting an increase in Americans beginning to look for work. And average hourly pay improved 3.2 percent from a year ago.
Stocks surged on the news, along with word that the U.S. and China will hold trade talks next week and comments from Federal Reserve Chairman Jerome Powell that the Fed will be flexible in judging whether to raise interest rates further.
The Dow Jones industrial average was up roughly 700 points in the afternoon, an increase of about 3 percent. President Donald Trump called the job growth “GREAT” on Twitter.
The torrid hiring in December far outstripped the 180,000 jobs investors had been anticipating and could help ease fears that the economy’s expansion — now in the middle of its 10th year — may be coming to an end.
Rest - https://apnews.com/f3925762c6f845dfab936b45c28b4176
Manufacturing industry posts biggest annual job gain in 20 years
The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997.
A priority for President Donald Trump, manufacturing saw marked hiring in December with an additional 32,000 jobs. Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release. The definition of durable goods is items with a life expectancy of three years or more, such as automobiles, furniture and machinery.
Manufacturing added 207,000 jobs in 2017.
Rest - https://www.cnbc.com/2019/01/04/manufacturing-posts-best-calendar-year-for-job-gains-since-1997.html
Hispanic Unemployment Rate Hits Record Low in December
he national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force hit its lowest level on record in December of 2018, U.S. Bureau of Labor Statistics (BLS) data released Friday show.
In December, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.4%, down from 4.5% in November - tying its record low of 4.4% set in October of this year. BLS began tracking Hispanic-Latino employment data in 1973.
The number of Hispanics employed set a new record high of 27,701,000 in December, as their unemployment rate fell to a record low. The number of Hispanics employed, participating in the workplace, and civilian population all rose in December, as Hispanics' labor force participation rate increased from 66.8% to 67.0%, recording its fourth straight monthly increase.
Rest - https://www.cnsnews.com/blog/craig-bannister/hispanic-unemployment-rate-hits-record-low-december
Dow surges more than 700 points after Powell comments, blowout jobs report
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.
The Dow Jones Industrial Average traded 726 points higher, or 3.2 percent, and briefly rose more than 800 points. The S&P 500 rallied 3.28 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a rebound from Thursday’s plunge, which was triggered by a massive drop in Apple’s stock.
Stocks took off after Powell hinted the central bank could pause its rate hikes, something this beaten-down market was waiting for. “As always, there is no preset path for policy, ” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”
Rest - https://www.cnbc.com/2019/01/04/stock-market-investors-react-to-us-china-trade-talks.html