December Jobs Report Obliterates Expectations

This won’t make recruiting any easier! Great news for candidates both in demand for talent and higher wages.

The economy added 312,000 jobs last month, skyrocketing past economists’ prediction of fewer than 180,000 new jobs for December 2018.

What about wages you ask? Wages tied October ’18 with the highest monthly gain since 2009! Wages in December grew 3.2% YoY

Unemployment ticked up to 3.9%, but that is actually good news, because it means more people are entering the job market, i.e. the labor market grew by 419,000 last month.

Recruiters, we need to stay on our game and can’t count on a economic downturn to make our jobs easier, at least not yet.