The economy continues its longest streak ever by adding 312,000 jobs in December. This is a record 99 months of monthly job growth beginning in October 2010. Year over Year wage growth grew 3.2% with unemployment at 3.9%. December numbers show that are economy continues to be in a very healthy state and is not in line with the perception of the recent equity markets.
This is a great thing for our economy kicking off the New Year in 2019. Adding more jobs is the key to keeping the engine running. Very strong numbers for our current economic state. Interest rates are still on the watch! The federal Reserve is forecasting 2 rate hike increases this year with a softer tone, continuing their course of action to gradually boost short term interest rates to temper inflation and maintain a stable economy.
About The Author: Jeff Dervech
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