Even with a slight slowing, employers in the United States added 145,000 jobs in December. The unemployment rate remained steady at 3.5 percent, indicating the job market is holding strong at the start of 2020. The statistics of a steadily improving economy, along with low inflation, will give the Federal Reserve an excellent outlook about interest rates remaining low.
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Gus Faucher, a chief economist at PNC Financial Services, noted we are beginning 2020 in very good shape. He said continued economic expansion should continue throughout 2020 and it will be driven by consumers.
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