Economy
January 6, 2019
Job Creation Surpasses Expectations in 2018
Written by Sandy Williams
Job growth in 2018 shattered expectations, adding 312,000 jobs to the economy in December and 2.6 million for the year. Wages increased 3.9 percent after years of marginal growth, due in part to the shrinking labor pool available to fill vacancies.
The construction industry saw unemployment decrease to a historic low of 5.1 percent in 2018. The industry added 38,000 jobs in December and 280,000 for the full year, said the Associated General Contractors of America in an analysis of government data.
