of something more problematic in terms of the economy. we do know that china and europe in particular, their economies are slowing down. we do live in a globalized economy. what is happening there is going to affect us personally. specifically in terms of our export markets and so forth. but there was a lot of good news in here you know labor force participation rates steady and strong. wages are up. labor markets are tight. unemployment continues to be low. it s been 4%or lower for 12 states months. so there is some good news here. we had furloughs. we had bad weather. it s hard to, again, make-draw too broad a conclusion based on one report. we will will need to a couple more jobs reports. chris: just to follow up on the. chinese are afraid of sending president goi mar-a-lago because they are worried that you will see the same thing that happened with kim and trump that the president will end up walking away from a deal.
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so you started the segment by saying do we have a strong economy or are there warning signs in 2019. i think the answer is yes to both. i think we have a very strong economy right now. it really is a booming economy. we ended the year with 3% growth and obviously this is one of the best jobs reports we ve had in 15 or 20 years. wages are growing. we got the lowest unemployment right in 50 years. if you re a worker looking for a job, there s probably no better time to be looking for a job than now. so very proud of what we achieved. i do think the tax cut and deregulations have had a lot to do with that. but you re also right and i think rana is right that there are worrisome signs in terms of the next six months to a year. number one, we ve still got this overhang of the trade war with china. investors are very nervous about how this is going to turn out. you ve got the two largest economies in the world that are
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council had an optimistic take on the report with reason. there is no recession coming. there is no recession in sight. consumers are strong. jobs are rising. wages are rising. neil, when you look at the other reasons the jobs reports are not worrisome, traders heard a more cautious tone even what he said about a month ago. traders, a lot of that began to estimate that a slower pace of potential future rate hikes is possible. and signs of progress between the u.s.a. and china on tried. both countries sending high level officials to beijing. a trifecta. jobs, fed and trade. all giving investors a little hope. back to you. neil: we needed that in an up week on the first trading week of the year. the dow was in excess of 1%
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not increase interest rates this year or the short term and possible talks or progress on talks between the chinese and the americans. joining me now to work through this is grant thornton chief economist diane swank. thank you for being here. good to be here. we have spent years parsing jobs reports. this one s not bad. lots of jobs added to the economy in december. the unemployment rate went up. people tweeting me how can those two things happen at the same time. weit was a great jobs number and what s interesting is how many women are throwing their hat in the ring and saying they want to rejoin the labor force. that s where the biggest gains have come, particularly this month and over the last year, as well. we are still lagging on men rejoining the labor force and some of the hardest hit by unemployment. women have not only gotten higher educational attainment but seeing opportunities and
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