Women overtook men to hold the majority of U.S. jobs for the first time in a decade, while employers added positions for a record 10th straight year, pointing to a growing and dynamic economy heading into 2020.
The number of women on nonfarm payrolls exceeded men in December for the first time since mid-2010, the Labor Department said Friday. Women held 50.04% of jobs last month, surpassing men on payrolls by 109,000.
“Increasingly, the fortunes of women in the labor market will determine the overall outcomes of the labor market because they will be the predominant share,” said Marianne Wanamaker, a labor economist at the University of Tennessee, Knoxville, and former adviser to President Trump.
Overall, the economy added a seasonally adjusted 145,000 jobs last month, and unemployment stayed at a 50-year low of 3.5%. In one dark spot, wages advanced 2.9% from a year earlier, the smallest annual gain since July 2018. Stock-market indexes finished lower Friday after rising earlier in the day, with the Dow Jones Industrial Average briefly crossing the 29000 mark.”
— Mitchell Owens, CFP (@MitchOFInc) January 10, 2020