Business

Jobs Report: Economy Added 228,000 Jobs In November

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Tim Pearce Energy Reporter

The U.S. labor force added 228,000 jobs in November while September’s numbers were revised to show a small bump rather than a loss in employment, according to the The New York Times.

The labor market may be at its strongest point since 2000. After September’s number were altered, the labor market has had positive growth for 86 straight months.

“It’s a really, really strong economy,” staffing firm LaSalle Network’s CEO Tom Gimbel told TheNYT. “Companies really want to take advantage of the economy, so they want to hire and get while the getting is good.”

October’s number were revised down from 261,000 jobs added to 244,000. The original number was bumped up by hurricane victims returning to work. November is the first month the jobs report has not been affected by disasters on the scale of hurricanes like Harvey and Irma.

Joel Naroff, chief economist at Naroff Economic Advisors in Pennsylvania, says President Donald Trump’s tax cuts package should be saved until the economy needs a boost, not when the economy is thriving.

“The labor market is in great shape. Tax cuts should be used when the economy needs tax cuts and it doesn’t need tax cuts right now,” Naroff told The New York Post.

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