While the news out of Wall Street continues to be not so tweetable for President Trump, the Bureau of Labor Statistics unveiled some welcome numbers on Friday: Job growth surged by 312,000 in December. The “Trump Boom” economy also produced an historic number for Hispanics, who enjoyed record-low unemployment in December.
“Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent,” CNBC reports. While the jobless rate rose last month, CNBC notes, it “rose for the right reason as 419,000 new workers entered the workforce and the labor force participation rate increased to 63.1 percent.” Rising by 0.2% over November, the participation level ended the year at 0.4% higher than last year.