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US Labor Statistics – Job Creation Was 312,000 In December – What is Trump Doing?

US Labor Statistics - Job Creation Was 312,000 In December - What is Trump Doing?

This is a short piece by the US Bureau of Labor Statistics. December 312,000 jobs created with upgrades in previous months. This is a strong economy.

US unemployment rates for African Americans dropped from an all time low of 6.6%, to a new historic low of 5.9%. Hispanic Americans currently have an unemployment rate of 4.4%, near its historic low.

In November 2018, unemployment rates were lower for the year in 18 states and remained essentially unchanged in 32 states and the District of Colombia. The largest declines occured in New Mexico (-1.4 percent), Georgia (-1.0 percent) and Alaska (-0.9%). Hawaii and Iowa had the lowest unemployment rates in November of 2.4 percent each. Idaho was 2.6 percent with Missouri at 3.0%, with New York reporting 3.9%. Alaska had the highest unemployment rate of 6.3 percent. Note that 5,000,000 new jobs have been created since November 2016, with the total number of employed surpassing 150,000,000. Wages have increased 3.2 percent in the past 12 months.

There were 13 states with unemployment rates below the national average, while 12 were higher than the national average of 3.7 percent. The remaining 25 states were not appreciably different than the national average.

Thirty-seven states had significant employment increases for year ending November 2018 as job creation fell in the 12,900 to 60,901 (or higher range) for that one year period.This change in nonfarm payroll employment by state was only adding to accelerated job creation.

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