U.S. Adds 312,000 Jobs

December’s 2018 Jobs Report-

SOURCE: U.S. LABOR DEPARTMENT

The BLS (Bureau of Labor Statistics) reported that there were 312,000 jobs created in December 2018, which was more than expected.  The unemployment rate increased from 3.7% to 3.9%.  The numbers were strengthen due to the revised employment gains for October and December.  A combined total of 58,000 jobs were added that wasn’t previously reported.

Several industries experienced positive gains. They include; Health Care, Food Services and Drinking Places, Construction, Manufacturing, and Retail Trade.

Food Services & Drinking Places

*41,000 jobs added.
*Over the year, the industry added 235,000 jobs, similar to the increase in 2017 (+261,000).

Construction

* 38,000 jobs added.
*The construction industry added 280,000 jobs in 2018.

*Compared with an increase of 250,000 in 2017.

Manufacturing

*32,000 jobs added.
*Increased by 284,000 over the year (2018)
*Manufacturing had added 207,000 jobs in 2017.

Retail Trade

*24,000 jobs added.
*Increased by 92,000 in 2018, after little net change in 2017 (-29,000).

 

Over the month, employment in professional and business services continued to trend up (+43,000). The industry added 583,000 jobs in 2018, outpacing the 458,000 jobs added in 2017.  Employment in other major industries, including mining, wholesale trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.

SOURCE: U.S. LABOR DEPARTMENT

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