Mexican Media Brands
New-Job Growth Slows in U.S.
The American economy added only 148,000 jobs in December, down from a revised 252,000 created in November, according to the U.S. Dept. of Labor.
#labor #workforcedevelopment #economics
Share
The American economy added only 148,000 jobs in December, down from a revised 252,000 created in November, according to the U.S. Dept. of Labor.
The slowdown reduced the number of jobs added last year to 2.1 million from 2.2 million in 2016. The country’s unemployment rate in December remained unchanged at 4.1%, its lowest since 2000.
The Labor Dept. says the manufacturing sector added 25,000 jobs last month. But those gains, along with increases in construction and healthcare, were offset by a drop in the retail industry.
The department notes that wage growth improved slightly from November to December, and average hourly pay rose by 9 cents.
RELATED CONTENT
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.