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The jobs at 164,000. that s exactly what our consensus of economists had forecast. and that s right in line with kind of the average of the first six months of this year. but i want you to look at may and june, you guys. may was revised down to 62,000, and june while better was also downwardly revise. so a little weaker job creation we had expected and kind of holding in here but not as robust as last year. on average last year it was 222,000 jobs a month. so we re running on average in terms of job creation. what about the unemployment rate? we do know about 370,000 workers entered the work force and that s good news. the more who have been out in the labor market get confident and come back to dip their toe. that s probably why you saw that sitting right there. ....
Trump s liquid assets. it turns out some are more liquid than others. the white house released the president s 2019 financial disclosure form and he reported that he made $244 million in one year. we thought the $400,000 a year. if you look, $222,000 of that came from trump ice, llc. do you remember trump ice? the president s short-lived bottled water franchise. you would be forgiven if you don t remember it. it went down the drain in 2010. they shut it down. how is it possible eight years later in 2018 he made $200,000 off of trump ice? we think there can be only one answer. they must be selling decades old water. was the water that changed everything. then suddenly, it was gone. until now. introducing trump ice, vintage edition. the finest mineral water from ....
Look at here. the numbers are assume the numbers are always off a little bit, but when the numbers show job growth that s low, it probably is and when it shows job growth that s high, it probably is. even though that was a huge revision in december, 90,000, the end number is still pretty good. 222,000 jobs in a month is pretty good. we re waiting to see what the effect of the shutdown is going to be. it wasn t fully calculated into this thing. we may see this 304,000 going down a little bit. you and i were both working during the holidays. there was a lot of volatility in the stock market. we didn t hear a lot from the president. the president is saying we have by far the strongest economy in the world. when the market s up it s him, when it s down it s the fed. i think presidents deserve less credit for the market. always bringing us the economic truth. do you like that? thanks. in that new wide ranging ....
We re going to discuss that in a minute. i always say this is there are a lot of reasons why this should not be the number you pay the most attention to. this is the number you should pay the most attention to or at least some attention to. 304,000 net new jobs. if you take all the jobs created minus all the jobs lost, youed e you end up with 304,000. in november the jobs report was revised up by 20,000 jobs to 196,000 added, which is a respectable number. december was revised down by 90,000. that s a bigger revision than we typically get. still, the remaining number was 222,000 which is a pretty good number, but the initial number was 90,000 more than that. so we got an upward revision of 20,000 in november, downward revision of 90,000 in december, for 2018 we created 223,000 net new jobs per month, which is pretty good. this number for january is yet ....
Was we forgot, we re in the middle of polar vortex. i just got out of it for the last two days in chicago. it was colder than antarctica. everything was shut down. it is not going to show up in any employment reports. it wasn t the survey week. the week of the vinita nair was an unusually warm week and that s why you have strong construction data in this number. the unseasonably adjusted data fell. those are important things to understand about what happened as well as there is a lot of mixed messages and a lot of noise in this particular report. at the end of the day, take 100,000 off, take 150,000 off. it s still a good report. still a good report. let me ask about revisions. that s another thing people ask about. the report revised december very big gains of 312,000 jobs, down to, as you said, 222,000, which is good. what do we need to know about revisions? revisions come in, again, as more data comes in, they try to get there is this balance between getting the speed and th ....