U.S. Economy Adds 304K Jobs During December (2/1/2019)

Story by RVBusiness

The economy added 304,000 jobs in the month of January, according to data released Friday by the Bureau of Labor Statistics — a far greater number than the 165,000 that economists had predicted.

The surge in hiring comes despite the longest government shutdown in U.S. history, mounting concern about a global economic slowdown, and a lack of key economic data being generated while some government agencies were not fully operational.

The nation's unemployment rate ticked upwards to 4% and wage growth held steady at 3.2%.

The shutdown appears to have had little impact on job growth, partly because President Donald Trump approved back pay for furloughed government workers, which means the 800,000 employees who worked without pay were still included in the jobs count.

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