Contrary to growing concerns about a potentially slowing U.S. economy, job creation surged in December as measured by the latest ADP/Moody’s Analytics survey released Thursday.
The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Job openings have surged at U.S. manufacturers of durable goods from machinery to cars in recent months, suggesting factories have plenty of demand despite recent tariff obstacles.
There were 1 million more jobs than unemployed workers in the most recent government count of job openings, according to a Labor Department release Monday.
The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management.