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Press Release
Strong Jobs Report Bodes Well for Solid Holiday Spending and Start to 2020
06 December, 2019


Total nonfarm payroll employment increased by 266,000 in November, and the numbers for September and October were revised up. While today’s gain was inflated by the return of the GM strikers to work, the job gain was still much stronger than expected. Today’s job report, more than any other report in recent months, squashed any lingering concerns about an imminent recession in the US economy. Employment growth also shows no signs of slowing further despite the historically low unemployment rate.

A strong labor market is good news for retailers, as consumers are entering the holiday season with both the ability and the willingness to spend. This report will significantly reduce the Federal Reserve’s appetite for additional interest rate cuts in the near term.

About The Conference Board

The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.

For further information contact:

Carol Courter
1 212 339 0232
carol.courter@conference-board.org

Joseph DiBlasi
781.308.7935
Joseph.DiBlasi@conference-board.org

ECONOMIC INDICATORS

Leading Economic Index for:

  • Australia 0.9%
  • Brazil 1.0%
  • China 0.9%
  • Euro Area 1.6%
  • France 3.0%
  • Germany 3.4%
  • Global 5.9%
  • India 17.4%
  • Japan 2.4%
  • Korea 2.0%
  • Mexico 11.9%
  • Spain 3.0%
  • U.K. 2.9%
  • U.S. 2.8%
  • International Labor Comparisons:
  • Visit ILC website
  • Productivity:
  • Visit Total Economy Database™ website
  • Global Economic Outlook:
  • Visit Global Economic Outlook website