Those Fretting About the Economy Can Rest Easy After December Jobs Report

The Daily Signal | 1/4/2019 | Staff
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Timothy Doescher is associate director of coalition relations at The Heritage Foundation's Institute for Economic Freedom.

After a disappointing month for the stock market, few could have predicted just how strong the rest of the economy would hold up. But for those concerned about the state of the economy, Friday’s jobs report will come as reassurance.

Bureau - Labor - Statistics - Friday - US

The Bureau of Labor Statistics reported Friday that the U.S. economy added a whopping 312,000 jobs, shattering expert predictions and once again vindicating policies of the Trump administration.

In addition, the bureau revised its jobs numbers from October and November, adding 58,000 jobs previously not reported.

Report - Months - Job - Creation - President

This report represents a record 99-straight months of job creation. Since President Donald Trump took office in January 2017, we have seen almost 5 million Americans find jobs.

Continuing the good news, the labor force participation rate rose to the highest level since the president took office, increasing from 62.9 percent to 63.1 percent and adding 419,000 people to the labor force.

Addition - Earnings - Cents - Year - Earnings

In addition, average hourly earnings rose 11 cents to $27.48. Over the year, average hourly earnings have now increased by 84 cents, or 3.2 percent. This is slightly higher than expert predictions, and potentially shows that employers are getting serious about filling the nearly 7 million open jobs in America by offering higher wages.

The job gains continue to tell the story of a strong economy. The report showed gains in...
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