Job Growth is VERY strong! The economy added 155,000 NEW jobs in November and 312,000 in December! Wages are up slightly but nothing to worry inflation watchers! Unemployment is still at an almost 50 year LOW! #teamyannett #myhomesavannah
With 155,000 net new November jobs, the labor market continues to perform well but may be cooling. The unemployment rate held at 3.7% as folks continued joining the labor force, which is great, and wage growth were unchanged from October's solid 3.1%, suggesting wage inflation is in check. But, employment growth over the last three months is averaging 170,000/month, the lowest level in a year as finding employees becomes tougher.
Elliot F. Eisenberg, Ph.D.