The U.S. economy may have added jobs
in December for a fifth consecutive month as manufacturers
refrained from cutting positions for the first time since July
2000, economists said in advance of today’s government report.
The Labor Department may report that payrolls expanded by
150,000 jobs of all types last month, based on the median of 59
estimates in the Bloomberg News survey. For the first time in 40
months, factories may report no decline in employment, according
to the median of 18 forecasts in the survey. Unemployment may
have held at 5.9 percent, the survey found.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Coming on the heels of growth in consumer spending, business
investment and service jobs in the second half of last year, new
factory positions would be the best evidence yet that the jobless
recovery is coming to a close, economists said.
“It’s definitely a milestone,” said R. Glenn Hubbard, a
Columbia University professor who was chairman of President
George W. Bush’s Council of Economic Advisers during the first
two years of his presidency. “It’s good for the economy and in
that sense, it’s definitely not bad for the president.”
Bloomberg News
