U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009 - Bloomberg

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U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009 - Bloomberg

Bloomberg

By Randall Gross

Economy • January 2017 • Views: 1,030

The U.S. labor market turned in a solid performance at the end of 2016, putting job gains above 2 million for a sixth year as paychecks rose by the most during the current expansion.

The 156,000 increase in December payrolls followed a 204,000 rise in November that was bigger than previously estimated, a Labor Department report showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 175,000 advance. The jobless rate ticked up to 4.7 percent as the labor force grew, and wages rose 2.9 percent from December 2015.

More: U.S. Payrolls Rise 156,000 as Wages Increase Most Since 2009 - Bloomberg

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3 comments

steve_davis Jan 6, 2017 • 6:41:29am

there is a small part of me that really kind of hopes a year from now, after Republicans have had a chance to put all the wet-dream policies into place that they can think of, we get a nut-busting recession that kills 10 million jobs and wipes out about half the stock market, and that this is felt most painfully in places like Pennsylvania and Michigan.

Big Beautiful Door Jan 6, 2017 • 12:34:48pm

re: #1 steve_davis

there is a small part of me that really kind of hopes a year from now, after Republicans have had a chance to put all the wet-dream policies into place that they can think of, we get a nut-busting recession that kills 10 million jobs and wipes out about half the stock market, and that this is felt most painfully in places like Pennsylvania and Michigan.

But we don’t want the intense suffering this would cause to tens of millions of people, most of whom didn’t vote for Trump, so I’m hoping he doesn’t fuck up the strong economy he’s inheriting.

Thanos Jan 6, 2017 • 2:23:55pm

re: #1 steve_davis

there is a small part of me that really kind of hopes a year from now, after Republicans have had a chance to put all the wet-dream policies into place that they can think of, we get a nut-busting recession that kills 10 million jobs and wipes out about half the stock market, and that this is felt most painfully in places like Pennsylvania and Michigan.

I don’t agree, but even if it did occur the people who voted for the Fabulist Trump would find a way to blame it on Obama still.

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