The report, released Friday by the Bureau of Labor Statistics, comes amid concern over whether the U.S. economy is part of a global deceleration, despite turning in its best year since the Great Recession.
Data released this week showed a key manufacturing mark hitting a two-year low and mortgage volume at its lowest in 18 years.
“The economy has been slowing, but someone forgot to tell the labor markets,” said Jim Baird, chief investment officer for Plante Moran Financial Advisors. “Employers, it would seem, didn’t get the memo from Mr. Market that it’s time to tighten their belts.”
Highest since 2015
The jobs market, however, remains hot.
Payrolls growth totaled 2.6 million in 2018, the highest since 2015 and well above the 2.2 million in 2017.
I hope all these newly employed folks are stashing away their surpluses under their mattresses. 😃
Over at conservative blogger Drudge Report, he’s got a picture of Trump smiling like an idiot. Ha. Amid all the turmoil, there’s a gleaming ray or light. Maybe?