U.S. job growth surges to 312,000 in December….

Payrolls in November were revised higher to 176,000 from 155,000 and in October to 274,000 from 237,000.

• A total of 2.6 million jobs were added in 2018 — the best showing since 2015.

What they’re saying: “December’s strong performance quells any lingering feelings that a hiring plateau might have occurred from the impact of tariffs and recent market volatility,” Steve Rick, chief economist at CUNA Mutual Group said.

• “This is one of those prints that will transform the Fed debate. The case for a precautionary pause in normalizing rates is a lot weaker. The economy is doing well right now,” tweeted University of Michigan economics professor Justin Wolfers.

The bottom line: This is an all-around strong jobs report and while it may calm concerns about the health of the economy, the backward-looking report says nothing about what will happen next year…..