December 2019 Jobs Report
Summary from the AllSides News Team
Featured Coverage of this Story
From the Right
Dow Tops 29,000 for First Time as Investors Shake Off Weak Jobs ReportThe Dow Jones Industrial Average on Friday crossed the 29,000 mark for the first time, as gains in technology and healthcare stocks offset concerns from a report showing slower-than-expected U.S. jobs growth in December.
U.S. stocks opened at record highs, brushing off government data that showed U.S. jobs increased by 145,000 last month, below the forecast for a 164,000 rise.
From the Center
Job market ends 2019 with disappointing 145,000 growth in payrollsWASHINGTON — The U.S. jobs market ended 2019 on a sour note, with December’s payroll and wage growth missing expectations, according to Labor Department figures released Friday.
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.
From the Left
Jobs report: U.S. economy adds 145,000 jobs in December, unemployment rate holds at 3.5%The latest jobs report included downward revisions to both October and November’s payroll gains. New jobs in October totaled 152,000, down 4,000 from the previous estimate. And payrolls in November were revised down by 10,000 to 256,000.
Ahead of the report, most economists expected that payrolls gains would decrease in December after surging in November, when General Motors (GM) employees striking between September and October returned to work and pushed up results. But the end of the strike only accounted for a net revised 39,300 of November’s payroll gains in...
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