Late last week, the U.S. Labor Department released the nation’s latest job reports numbers.
Depending on which media outlet you read, some say it was bad and some say it was strong and steady. According to the Wall Street Journal, these numbers suggest that the nation’s economy is still healthy.
The U.S. economy added 155,000 jobs for the month of November which is 198,000 fewer than what some economists were looking for. This number is also down from October’s 237,000 jobs gain. The nation’s unemployment rate remained at 3.7 percent, and the unemployment rate for African Americans is still at a record low.
Below is a statement from the U.S. Labor Secretary Alexander Acosta released on Friday:
“President Trump’s policies continue to fuel strong and steady job growth. Two full years since the President’s election, 4.6 million jobs have been created, including 155,000 in November. Job gains were significant in manufacturing and transportation and warehousing.
“The unemployment rate of 3.7% in November marked the first time since 1969 that the unemployment rate has not exceeded 3.7% for three straight months. For an astonishing seven months this year, the unemployment rate has been below 4.0%. Last month matched a record low, set earlier this year, for the African-American unemployment rate.
“Wage gains remain steady. Paychecks are growing.
“Parts of the United States continue to recover from the devastation caused by wildfires in California and last week’s earthquake in Alaska. The Department of Labor is working closely with impacted states to help dislocated workers get back to work as quickly as possible.”