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Breaking Down The Last Jobs Report Of The Decade | Morning Joe | MSNBC


ALSO WITH US, CHAIRMAN OF THE LIBERTARIAN PARTY NICHOLAS LIBERTARIAN PARTY NICHOLAS SARWAR. SARWAR. OUR PANEL IS BACK WITH US, AS OUR PANEL IS BACK WITH US, AS WELL. WELL. BUT ACTUALLY, WE DO HAVE DON BUT ACTUALLY, WE DO HAVE DON RIGHT NOW AT CNBC, SO LET’S GET RIGHT NOW AT CNBC, SO LET’S GET THOSE NUMBERS AND SOME CONTEXT. THOSE NUMBERS AND SOME CONTEXT.>>LIKE YOU SAID, MIKA, 145,000>>LIKE YOU SAID, MIKA, 145,000 JOBS WERE CREATED IN THE FINAL JOBS WERE CREATED IN THE FINAL MONTH OF THE YEAR IN DECEMBER MONTH OF THE YEAR IN DECEMBER 2019. 2019. THAT DOES FALL SHY OF ESTIMATES THAT DOES FALL SHY OF ESTIMATES ECONOMISTS WERE LOOKING FOR 16 ECONOMISTS WERE LOOKING FOR 16 0,000 JOBS. 0,000 JOBS. HOWEVER, THE UNEMPLOYMENT RATE HOWEVER, THE UNEMPLOYMENT RATE DID HOLD STEADY AT 3.5%. DID HOLD STEADY AT 3.5%. THAT’S UNCHANGED FROM THE PRIOR THAT’S UNCHANGED FROM THE PRIOR MONTH IN NOVEMBER. MONTH IN NOVEMBER. AVERAGE HOURLY EARNINGS, SO HOW AVERAGE HOURLY EARNINGS, SO HOW MUCH MORE WE’RE ALL MAKING, 2.9% MUCH MORE WE’RE ALL MAKING, 2.9% MORE THAN WE WERE AT THE SAME MORE THAN WE WERE AT THE SAME TIME LAST YEAR. TIME LAST YEAR. WE WERE LOOKING FOR ABOUT A 3.1% WE WERE LOOKING FOR ABOUT A 3.1% INCREASE IN EARNINGS. INCREASE IN EARNINGS. NOW REVISIONS TO PRIOR MONTHS NOW REVISIONS TO PRIOR MONTHS WERE LOWER. WERE LOWER. SO THAT’S IMPORTANT HERE. SO THAT’S IMPORTANT HERE. NOVEMBER’S JOBS NUMBERS WERE NOVEMBER’S JOBS NUMBERS WERE REVISED DOWN BY 10,000. REVISED DOWN BY 10,000. SO NET-NET OVER THOSE TWO MONTHS SO NET-NET OVER THOSE TWO MONTHS OF 14,000 JOB DROP FROM THE OF 14,000 JOB DROP FROM THE PREVIOUS EXPECTATION. PREVIOUS EXPECTATION. THAT BRINGS THE THREE-MONTH THAT BRINGS THE THREE-MONTH AVERAGE FOR JOB CREATION IN AVERAGE FOR JOB CREATION IN AMERICA TO 184,000 JOBS. AMERICA TO 184,000 JOBS. THE LABOR FORCE PARTICIPATION THE LABOR FORCE PARTICIPATION RATE, HOW MANY MORE PEOPLE ARE RATE, HOW MANY MORE PEOPLE ARE ACTUALLY PARTICIPATING IN THE ACTUALLY PARTICIPATING IN THE WORKFORCE STAYS UNCHANGED AT WORKFORCE STAYS UNCHANGED AT 63.2% AND THEN THE BROADEST 63.2% AND THEN THE BROADEST MEASURE OF UNEMPLOYMENT GOES MEASURE OF UNEMPLOYMENT GOES DOWN TO 6.7%. DOWN TO 6.7%. IT WAS 6.9% AND THAT DOES IT WAS 6.9% AND THAT DOES REPRESENT A RECORD LOW FOR THAT REPRESENT A RECORD LOW FOR THAT UNEMPLOYMENT RATE. UNEMPLOYMENT RATE. A COUPLE OF NOTES TO PLACES THAT A COUPLE OF NOTES TO PLACES THAT ARE HIRING. ARE HIRING. RETAIL ADDED 41,000 JOBS. RETAIL ADDED 41,000 JOBS. LEASHUS AND HOSPITALITY ADDED LEASHUS AND HOSPITALITY ADDED LEISURE AND HEALTH CARE ADDED LEISURE AND HEALTH CARE ADDED 28,000 JOBS. 28,000 JOBS. THE PLACES WE SAW MORE MARKET

Author Since: Mar 11, 2019

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