James48843
TSP Talk Royalty
- Reaction score
- 546
DECEMBER 2019-
"Retail job growth hit 41,000. Yet jobs continued to evaporate in America's battered manufacturing sector, which has struggled during the US-China trade war. The industry lost 12,000 jobs, compared with an expected increase of 5,000 new positions.
Paychecks rose less than expected in December, climbing only 0.1%. For the year, that put wage growth at 2.9%, less than the 3.1%."
Source: https://www.cnn.com/2020/01/10/economy/december-jobs-report/index.html
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I don't know how the market will react to this one. It's still in a positive direction, but not by a whole lot.
- Nonfarm payrolls increased by just 145,000 while the unemployment rate held steady at 3.5%.
- Economists surveyed by Dow Jones had been looking for job growth of 160,000.
- The jobless rate met expectations for staying at a 50-year low.
- Wage growth less than expected at 2.9% for the year.
"Retail job growth hit 41,000. Yet jobs continued to evaporate in America's battered manufacturing sector, which has struggled during the US-China trade war. The industry lost 12,000 jobs, compared with an expected increase of 5,000 new positions.
Paychecks rose less than expected in December, climbing only 0.1%. For the year, that put wage growth at 2.9%, less than the 3.1%."
Source: https://www.cnn.com/2020/01/10/economy/december-jobs-report/index.html
***
I don't know how the market will react to this one. It's still in a positive direction, but not by a whole lot.
