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Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 145,000 jobs in December, the government said on Friday, below economists’ expectations of 160,000. The unemployment rate held at 3.5% — a 50-year low — while wages grew 2.9% from a year earlier, the smallest gain since July 2018.

Why it matters: The U.S. job market held up in the final month of 2019, but heads into the election year with a slowing pace of job creation and wage growth.

Details: Job gains were revised lower by a combined 14,000 in October and November.

  • The manufacturing sector, which President Trump vowed to revive, shed 12,000 jobs last month. In total, the industry gained 46,000 jobs in 2019 — far fewer than the 264,000 in 2018.

The big picture: The U.S. economy has added jobs for 10 years, the longest stretch of hiring "in 80 years of data," according to the Wall Street Journal. 2019 saw the slowest pace of job additions since 2011, per Yahoo Finance, thanks to effects from the trade war and difficulty finding workers.

What to watch: This report likely won't change anything for the Federal Reserve, which has signaled its intention to keep interest rates steady for the foreseeable future.

  • The job market will gain more attention as the election nears and the health of the economy under Trump is debated among candidates.

Go deeper: The end of Trump's manufacturing renaissance

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Updated 17 mins ago - Health

U.S. daily coronavirus cases top 50,000 for first time

A medical technologist processes test samples for the coronavirus at a lab in Tampa, Florida, on June 25. Photo: Octavio Jones/Getty Images

A record 50,655 tested positive for the novel coronavirus in the United States on Wednesday, Johns Hopkins data shows.

Driving the news: The pandemic is accelerating across the U.S., with the Sun Belt being hit particularly hard. Daily coronavirus case records were reported on Wednesday in Texas (8,076), Georgia (2,946), North Carolina (1,843) and Tennessee (1,806).

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of midnight ET: 10,667,217 — Total deaths: 515,646 — Total recoveries — 5,464,367Map.
  2. U.S.: Total confirmed cases as of midnight ET: 2,685,806 — Total deaths: 128,061 — Total recoveries: 729,994 — Total tested: 32,827,359Map.
  3. Federal government: Trump says he still thinks coronavirus will "just disappear" at some point, supports another round of direct payments to Americans.
  4. Public health: Thanks to coronavirus, your home is now your gymFormer FDA chief says 500,000 Americans may be contracting coronavirus a day.
  5. States: Georgia and Arizona report record new coronavirus cases — California shuts down bars and indoor dining for most residents.
  6. 1 ⚽️ thing: 6 players test positive for coronavirus before MLS comeback tournament.
Updated 3 hours ago - Politics & Policy

Biden outraises Trump again with record $141 million June haul

Democratic presidential candidate and former Vice President Joe Biden at Philadelphia City Hall in Pennsylvania in June. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden and the Democratic Party raised $141 million in June, his campaign announced on Wednesday night.

Why it matters: It's the most the presumptive Democratic presidential nominee has raised in a month. It's also more than the record $131 million President Trump's re-election campaign and the Republican National Committee raised last month.