Another strong jobs report

The American economy continues its strong performance.Employers added 228,000 jobs in November, while the unem...

Posted: Dec 8, 2017 7:05 PM
Updated: Dec 8, 2017 7:05 PM

The American economy continues its strong performance.

Employers added 228,000 jobs in November, while the unemployment rate remained at a 17-year low of 4.1%, the government reported Friday.

The report also showed that on average weekly paychecks increased by 3.1% over the last 12-months, the first time that reading has topped 3% in nearly seven years. But much of that gain came from Americans working longer hours. Average hourly pay increased 2.5%.

The more modest rise in the hourly pay is disappointing, especially in light of the unemployment rate being this low.

Wages should be going up because there is a record number of unfilled job openings and employers complaining about difficulty finding workers. Typically, when unemployment is low, wages rise faster because employers have to pay more to find or keep the workers they want.

Ten years ago, before the start of the Great Recession, the average hourly wage was rising at a better than 3% clip.

Other readings in the report showed a healthy labor market, including the fact that those working part-time because they couldn't find a full-time job decreased.

The White House celebrated the strong report and credited its economic policies for the solid showing.

"We're especially pleased to see the manufacturing sector roaring back to life, adding a total of 159,000 jobs since President Trump took office after averaging a loss of more than 1,000 jobs per month during the last year of the previous administration," read a statement from White House press secretary Sarah Sanders. "As we continue to unleash the American economy from unnecessary regulation and taxes, we look forward to seeing more reports like this, showing a healthy and thriving jobs market for the American people."

Related: Is Trump keeping his promises on manufacturing?

A number of key industries were busy hiring. Manufacturing added 31,000 jobs while health care added 29,500 workers and construction 24,000. Temporary help services added 18,300 jobs, a good sign since employers often bring on temporary workers before adding permanent positions.

Even some battered sectors, such as retail reported strong growth as retailers added 18,700 beyond their normal seasonal hires, the best month for the sector since January.

The jobs report echoes other signs of strength: The economy grew 3.3% in the most recent quarter, the best since 2014, and the stock market is at record levels.

Indiana Coronavirus Cases

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Reported Deaths: 4065
CountyConfirmedDeaths
Marion25151785
Lake13570355
St. Joseph9145161
Elkhart8759135
Allen8129228
Hamilton6117113
Vanderburgh576760
Tippecanoe369515
Hendricks3268133
Monroe325738
Porter313649
Johnson3105128
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LaPorte222858
Warrick192965
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Floyd179167
Howard162466
Bartholomew141558
Dubois138626
Marshall137426
Wayne126930
Henry125429
Grant125339
Boone122250
Hancock118245
Noble115933
Jackson112915
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Morgan93740
Lawrence87436
Daviess87133
Gibson87111
Clinton84716
Shelby81730
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Posey7146
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Ohio Coronavirus Cases

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Confirmed Cases: 190430

Reported Deaths: 5161
CountyConfirmedDeaths
Franklin31466640
Cuyahoga19706682
Hamilton16687343
Montgomery10377189
Lucas8285373
Butler8276129
Summit6689265
Warren420064
Stark3796181
Mahoning3709286
Marion338850
Pickaway301146
Delaware287227
Lorain272889
Fairfield264457
Licking257966
Wood249681
Clark249456
Clermont245938
Greene229242
Trumbull2270134
Allen213073
Columbiana212887
Miami199958
Lake193659
Medina185642
Portage162068
Mercer152128
Wayne140269
Ross139436
Richland132324
Tuscarawas129024
Athens12052
Erie115553
Darke114451
Madison105415
Hancock104725
Auglaize100616
Putnam97427
Lawrence93025
Shelby90914
Muskingum8884
Geauga85950
Scioto8599
Belmont78827
Union7583
Ashtabula72648
Sandusky71122
Huron70912
Preble62418
Holmes61710
Seneca60114
Ottawa58430
Fulton53711
Henry47317
Jefferson4694
Clinton46413
Defiance46013
Jackson4598
Crawford4528
Fayette4498
Highland4304
Logan4233
Ashland3986
Champaign3983
Knox38416
Brown3793
Perry36611
Washington35124
Morrow3442
Hardin33613
Williams3354
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Pike3000
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Van Wert2633
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Morgan780
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