CNBC Television Initial jobless claims down 9,000 to 214,000
🎯 Загружено автоматически через бота:
🚫 Оригинал видео:
📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал.
✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его.
📃 Оригинальное описание:
CNBC’s Rick Santelli reports on the latest jobless claims data.
While overall employment gains were slightly disappointing in December, there were strong job increases in the retail, hospitality and leisure services industries as employers looked to boost payrolls during the peak holiday season.
The government reported Friday that payrolls increased by 145,000, falling short of the 160,000 estimate economists polled by Dow Jones had forecast. The unemployment rate held steady at a low 3.5%, matching a 2019 level that at the time was the lowest since 1969.
CNBC studied the net changes by industry for December jobs based on data from the Labor Department contained in the employment report.
The retail and hospitality industries showed the strongest hiring numbers at the end of the holiday season, with each adding more than 40,000 net positions in December.
But some, like Eric Winograd, senior economist at AllianceBernstein, cautioned against reading too much into the stronger-than-usual retail numbers and instead focused on 2019 as a whole.
“To the extent that there is any weakness in hiring, it is concentrated in manufacturing, which continues to suffer from the trade war, and retail, which continues to suffer from the transition to online shopping,” Winograd wrote in an emailed statement.
“In terms of hiring, 145k is the lowest print in a few months, but it comes on the heels of extremely strong hiring in November,” he added. “Over any reasonable time frame, the labor market is still very strong, more than sufficient to absorb new entrants to the labor force and to support robust consumption.”
Continued strength in health care, too, further cemented its place as an employment juggernaut in the United States for the foreseeable future, thanks to changing demographics and advances in medical technology. The health care and social assistance subsector (including child day care and family services) alone saw a net gain of 33,900 jobs after last month’s hefty 63,800 jobs.
Something similar could be said of the manufacturing sector, which over the course of last year netted only 46,000 jobs after surging by 264,000 in 2018. The marked deceleration in the industry was capped by a net loss of 12,000 jobs in the final month of the year.
“Notable employment gains occurred in retail trade and health care, while mining lost jobs. In 2019, payroll employment growth totaled 2.1 million, compared with a gain of 2.7 million in 2018,” the government said in a press release.
“Employment in retail trade increased by 41,000, with job gains in clothing and accessories stores ( 33,000) and in building material and garden supply stores ( 7,000). For both industries, the December increase followed a decline in November. In 2019, retail trade employment changed little on net ( 9,000), the second year of little employment change in the industry,” the Labor Department added.
Transportation and warehousing also posted a net loss for the month of December with a decline of 10,000. Like manufacturing, transportation and warehousing last year added only about 25% of its 2018 gain, up 57,000 versus 216,000 two years ago.
For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBC TV
1 view
31
12
1 month ago 00:01:20 1
[CNBC Television] BlackRock CEO Larry Fink says bitcoin impacts the U.S. dollar
1 month ago 00:01:39 1
[CNBC Television] Moderna’s phase three RSV trial found to be 83.7% effective in older adults
1 month ago 00:03:43 1
[CNBC Television] We could be approaching an earnings recession: Investment strategist
1 month ago 00:04:09 1
[CNBC Television] Blackstone enters deal to manage AIG’s insurance and housing assets
1 month ago 00:03:07 1
[CNBC Television] Two strategists break down markets ahead of busy earnings week, FOMC meeting
1 month ago 00:01:49 1
[CNBC Television] Small businesses push back on Amazon Prime Day
1 month ago 00:19:11 1
[CNBC Television] ETF Edge, November 11, 2024
1 month ago 00:01:29 1
[CNBC Television] Popular American SUVs to be hit by Mexico tariffs
1 month ago 00:03:48 1
[CNBC Television] Inflation battle is ’absolutely’ done, says Yardeni Research president
1 month ago 00:01:48 1
[CNBC Television] Final Trades: Apple, Oracle, Roku & more
1 month ago 00:01:19 1
[CNBC Television] CNBC Millionaire Survey: 42% expect the economy to be weaker in 2024
1 month ago 00:05:14 1
[CNBC Television] Look for companies with better balance sheets: Pro
1 month ago 00:06:13 1
[CNBC Television] Cyclicals are going to be a winner: Jonathan Golub