Job gains pass market expectations

The Labor Department revised September’s job loss of -33,000 to a gain of 18,000, restoring the U.S. job market to its record streak of growth. With that revision and October’s gain, the U.S. labor market has now grown for 85 consecutive months, the longest uninterrupted stretch of growth on record.

US Jobs Report For December Crushes Expectations Bloomberg’s consensus estimate of economist expectations was for a gain of 190,000 jobs. Adobe Stock. Employment continued to trend up in several industries, including retail trade, health care, and construction.

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"The market overall believes that the Fed will continue to move along on its path and the expected rate hike next week," said Doug Clark, Chief Portfolio Strategist at Prime Advisors, Inc. At the same.

The U.S. created just 75,000 new jobs in May and employment gains earlier in the spring were revised down. The meager gains in May were far short of the 185,000 MarketWatch forecast. “The Fed will.

Related news trade war truce fuels Early Stock Market Rally, But Gains Fade. 3:10 PM ET The stock market was moderately higher as the euphoria following a trade war truce between President Trump.

Continuing the historic streak of positive jobs gains, 2018 experienced more job creation than the previous two years, with 2.6 million new jobs over the course of the year.

What’s Going On With the Job Market? May was the worst month for job creation in years, and some are now questioning the labor market’s strength. By Andrew Soergel Senior Reporter June 6, 2016, at.

CNBC: Payrolls Smash Estimates with Gain of 250,000, Wage Gains Pass 3% for First Time Since Recession “Job growth blew past expectations in October and. was the lowest in more than 45 years as.