Boom! Job Creation In November Best In A Year

Hotair ^ | 12/06/2019 | Ed Morrissey

[Attention Surplus Disorder]

Blow the hell out numbers!

[SeekAndFind]

The unemployment rate resumed its recent decline, and in November dropped from 3.6% to 3.5%, a fresh 50 year low...

even as the unemployment rate for blacks and Hispanics posted a modest increase.

More importantly, while average hourly earnings rose 0.2% from the prior month, slightly below expectations, annual wage growth increased by 3.1%, with last month's wage growth revised from 3.0% to 3.2%, suggesting employers are responding to a tight labor market; wages for production and non-supervisory workers rose 3.7% annually after a 3.8% gain, which was the best since 2008.

[SeekAndFind]

From ZERO HEDGE

Looking at which industries added jobs, the BLS has the following breakdown:

• In November, health care added 45,000 jobs, following little employment change in October (+12,000). The November job gains occurred in ambulatory health care services (+34,000) and in hospitals (+10,000).
• Employment in professional and technical services increased by 31,000 in November.
• Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Within manufacturing, employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of workers who were on strike in October.
• In November, employment in leisure and hospitality continued to trend up (+45,000).
• Employment in transportation and warehousing continued on an upward trend in November (+16,000). Within the industry, job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000).
• Financial activities employment also continued to trend up in November (+13,000), with a gain of 7,000 in credit intermediation and related activities.
• Mining lost jobs in November (-7,000), largely in support activities for mining (-6,000). Mining employment is down by 19,000 since a recent peak in May.
• In November, employment in retail trade was about unchanged (+2,000). Within the industry, employment rose in general merchandise stores (+22,000) and in motor vehicle and parts dealers (+8,000), while clothing and clothing accessories stores lost jobs (-18,000).

[wiseprince]

The “experts” telling us what the tariffs and trade war is doing missed the number by almost 100k jobs. Why should we assume they have the faintest idea as to what is going on?

[Red Badger]

ECONO-misseds....................

[DAC21]

Any thoughts how there was such a wide divergence from the ADP number of 67k?

[madison10]

Yeah, that inpeachment ploy is working great, you wicked Democrats.

[stylin19a]

I wonder how ADP gets it so wrong ?

[txrefugee]

LOL…on a day after the braindead Dems decide to impeach this president, the employment numbers blow the lid off expectations. Of course, the Democrat media will make every effort to keep the spotlight on the cadaver from CA, the Specter of the House, who drags out her Catholic faith when it’s convenient.

[DAC21]

“I wonder how ADP gets it so wrong ?’

I asked the same question. I’m sure Nazi Pelosi is saying “how did the government get it do wrong?” hearings to follow.

[stylin19a]

here’s their gobblygook. I am lost...

http://www.adpemploymentreport.com/common-legacy/docs/ADP-NER-Methodology-Full-Detail.pdf

[hanamizu]

Just like Trump. Claiming credit for the booming Obama economy. /S

[abb]

Now this really was unexpected!

[be-baw]

Markets are up. Well, except for the DJIA as being reported by CNN. Their website that is supposed to show current numbers has had the Dow up just 28.01 all morning. I just now realized it hasn’t budged while the S&P and NASDAQ are updating fairly regularly.

Suspicious, as is my nature, I checked a couple of other websites that show current numbers. They both showed the Dow up nearly 300 pts.

CNN...getting more fraudulent by the minute.

[faucetman]

Trump knows a lot of 4 letter words, but the one he knows best is J O B S. /s

[Magnum44]

Wait, Biden said that was a 3 letter word...

[LeonardFMason]

Experts WRONG again.

“UNEXPECTED”. Drink!

[Leep]

Is it just me or do they always have to adjust the numbers for each President?
When it’s a dim usually it’s to say the numbers were lower than expected.
When it’s a pub usually it’s to say the number were better than expected. :)

[rxsid]