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Employment Surges In December As Economy Adds 271,000 New Jobs. (01/08/2019)

CNBC (1/3, Cook) reported that “contrary to growing concerns about a potentially slowing US economy, job creation surged in December as measured by the latest ADP/Moody’s Analytics survey released Thursday.” The report shows private sector employers added 271,000 new jobs in December. Economists had expected only 178,000 new jobs. In a statement, Moody’s Analytics economist Mark Zandi said, “Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market. At the current pace of job growth, low unemployment will get even lower.”

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