Economy added 155,000 jobs in November

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The job market posted its 96th consecutive month of job growth in September, the longest job creation streak in US history, and the unemployment rate fell to 3.7% - its lowest point in almost 50 years. "The question is: How much slowing is there on the horizon?"

To identify the cities adding (and losing) the most jobs in 2018, 24/7 Wall st. reviewed monthly metro area employment figures from the Bureau of Labor Statistics.

"The unemployment rate held steady at 3.7 percent for the third month in a row; and the number of employed Americans once again reached an all-time high of 156,795,000, the 13th record since Donald Trump became president", writes CNS News.

While the report contained some good news for workers, worries that the current pace of economic growth may not be sustainable has rattled markets in recent weeks. This is only the 12th time since 1970 that the unemployment rate has fallen below 4 percent, with seven of these occasions occurring under President Trump this year. According to the BLS survey of employers, also released today, nominal average hourly earnings for all private workers in November rose 3.1 percent over the past 12 months, the 2nd straight month that year-over-year wage gains exceeded 3 percent.

"Adding 155,000 jobs this month is not a disappointment", Martha Gimbel, director of economic research at Indeed Hiring Lab, told MarketWatch, noting the United States is still adding "twice the jobs that the economy needs to add each month to keep the unemployment rate steady". "We're getting tremendous increases in growth".

The market was looking to start down ahead of the November jobs report.

Still, some economists caution that not every worker is reaping the benefits.

The missing ingredient, however, has been wage growth - and that looks like it's beginning to change. Some blame declining union membership and the rise of subcontractors, which have cramped pay and access to paid time off and health insurance.

Trump golf club employs undocumented workers report
The two women are now considering a lawsuit against the Trump Organization for workplace abuse and discrimination. Morales says lower-level managers at the golf club helped her circumvent Trump's enforcement rules.

The latest numbers suggest the labor market "remains quite strong", said Mike Fratantoni, chief economist for the Mortgage Bankers Association.

Manufacturing employment is forecast increasing by 20,000 jobs last month after rising 32,000 in October.

The trade war with Beijing, however, continues to rattle investors. -China trade war could still intensify, despite an agreement over the weekend between Presidents Donald Trump and Xi Jinping that included postponing a planned USA tariff hike for 90 days.

Service-providing businesses grew by 163,000, with the largest gains - 59,000 - in professional and business services, ADP said. "We've seen a pullback in terms of investment. If it's really soft, they'll take a break".

The dollar was trading lower against a basket of currencies, while U.S. Treasury prices rose.

"The trend was consistent with the income component of the Fannie Mae Home Purchase Sentiment Index (HPSI), which showed the net share of consumers reporting higher household income over the past year jumped to a survey high in November", Duncan adds.

This article was written by Danielle Paquette, a reporter for The Washington Post.