Over 300,000 new hires in December

Average hourly pay up in U.S. as well.

Posted: Jan 4, 2019 8:01 AM
Updated: Jan 4, 2019 8:02 AM

WASHINGTON (AP) — U.S. employers dramatically stepped up their 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 shutdown of the federal government.

The Labor Department said Friday that the unemployment rate rose slightly to 3.9 percent, but that reflected a surge in jobseekers— a positive for growth.

Average hourly pay improved 3.2 percent from a year ago.

The health care, food services, construction and manufacturing sectors were the primary contributors to last month's hiring.

The strong job gains suggest that the tumbling stock market has yet to depress expectations that the economy will expand for a 10th straight year. Still, growth is likely to slow as the stimulus from last year's tax cuts wane.

The jolt in hiring offers a dose of reassurance after a tumultuous few months as the outlook from the financial markets has turned decidedly bleaker.

Major companies such as Apple say their sales are being jeopardized by the tariff-fueled trade war between the United States and China. Factory activity in China and the United States have both weakened, with the Institute for Supply Management's U.S. manufacturing index on Thursday posting its steepest decline in a decade.

The government is about to enter its third week of a partial shutdown, with negotiations stalled over President Donald Trump's insistence that Democrats agree on funding for a wall along the border with Mexico. And attacks by Trump on the Federal Reserve over its rate increases have raised doubts about Chairman Jay Powell's status — a concern for both the markets and the economy.

But the expected continuation of steady job growth suggests that such risks might be — for the moment, anyway — overblown.

Businesses are still searching for more workers. The employment site Glassdoor found that job postings have risen 17 percent in the past year to 6.7 million.

"We really don't see any slowdown yet," said Andrew Chamberlain, chief economist at Glassdoor.

Despite the increase in the unemployment rate, the influx of people searching for work coupled with the job gains is an indication that the rate should decline in the coming months. Economists estimate that it requires roughly 100,000 job gains each month to satisfy population growth and keep the unemployment rate at its current level.

Hiring has easily eclipsed that pace. In 2018, employers added 2.6 million jobs, or an average of nearly 217,000 a month, according to the Labor Department.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 57162

Reported Deaths: 1660
CountyConfirmedDeaths
Hennepin18197820
Ramsey7047261
Dakota4049103
Anoka3410113
Stearns284220
Washington193843
Nobles17496
Olmsted163523
Scott141017
Mower10842
Rice10028
Blue Earth8595
Wright8205
Carver7922
Clay75240
Kandiyohi6771
Sherburne6577
St. Louis45319
Todd4202
Lyon4163
Freeborn3551
Steele3331
Nicollet32013
Benton3103
Watonwan2990
Winona24916
Crow Wing21313
Martin2045
Le Sueur2021
Beltrami2000
Chisago1821
Otter Tail1793
Goodhue1778
Cottonwood1730
Becker1471
Pipestone1439
McLeod1400
Unassigned14040
Polk1353
Itasca13412
Douglas1320
Waseca1300
Pine1280
Carlton1260
Dodge1230
Murray1221
Isanti1100
Chippewa991
Brown852
Faribault840
Meeker832
Morrison821
Wabasha820
Sibley802
Rock750
Koochiching743
Pennington731
Jackson700
Mille Lacs683
Cass622
Fillmore610
Renville605
Lincoln540
Swift521
Grant511
Yellow Medicine490
Roseau460
Pope450
Houston390
Norman370
Hubbard320
Redwood320
Marshall290
Kanabec281
Wilkin283
Aitkin270
Mahnomen241
Wadena230
Big Stone220
Red Lake200
Lake180
Stevens160
Clearwater150
Traverse100
Lac qui Parle60
Kittson30
Cook20
Lake of the Woods10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 46100

Reported Deaths: 887
CountyConfirmedDeaths
Polk9781203
Woodbury365651
Black Hawk302262
Linn214587
Johnson195915
Dallas179635
Buena Vista178612
Scott161512
Dubuque154929
Marshall139424
Pottawattamie122723
Story111714
Wapello85032
Muscatine83048
Webster7366
Crawford7213
Sioux6022
Cerro Gordo57917
Tama53929
Warren5341
Jasper45825
Wright4441
Plymouth4438
Louisa37814
Dickinson3754
Clinton3213
Washington28810
Hamilton2411
Boone2312
Franklin2256
Bremer1927
Clarke1883
Carroll1821
Emmet1812
Clay1711
Shelby1691
Hardin1660
Marion1550
Allamakee1504
Poweshiek1508
Benton1451
Jackson1411
Des Moines1392
Mahaska13617
Floyd1312
Guthrie1285
Jones1242
Cedar1201
Hancock1172
Butler1152
Buchanan1141
Henry1143
Pocahontas1141
Lyon1060
Madison1052
Clayton993
Cherokee981
Harrison980
Lee973
Taylor930
Humboldt921
Delaware911
Iowa901
Monona900
Winneshiek861
Mills830
Calhoun822
Fayette810
Sac810
Palo Alto800
Kossuth780
Osceola780
Jefferson770
Winnebago770
Mitchell760
Page760
Grundy741
Union721
Monroe677
Worth610
Chickasaw510
Davis501
Lucas504
Howard490
Cass481
Montgomery453
Appanoose433
Greene380
Fremont350
Van Buren331
Keokuk311
Ida290
Audubon281
Decatur220
Adair210
Ringgold211
Wayne181
Adams160
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