We just got about 312,000 new reasons to be deeply skeptical about predictions of an impending recession. That's how many jobs the U.S. economy added in December, confirming its continuing strength and blowing away pessimistic predictions by economic “experts” of just 177,000 new jobs for December.
December was not an outlier. Average monthly job creation for 2018 was 220,000. Nor is the labor market cooling. Despite stock market machinations, for the last three months of the year the American economy has created an average of 254,000 jobs – and December's number was the highest of the year.
Read Full Article »