Mexican Media Brands
U.S. Adds Another 201,000 Jobs
The U.S. created another 201,000 jobs in August, as the country’s unemployment rate remained steady at 3.9%.
#economics #workforcedevelopment
Share
The U.S. created another 201,000 jobs in August, as the country’s unemployment rate remained steady at 3.9%.
The increase marks the 95th consecutive month of year-on-year employment gains, according to the U.S. Dept. of Labor. Weekly wages climbed 3.2% compared with August 2018, marking the largest gain in nine years.
Economists attribute the wage growth to a short supply of skilled workers. They also reiterate that the strengthening economy makes it almost certain that the Federal Reserve to raise short-term interest rates by a quarter-point to a range of 2%-2.25% at the end of September and again in December.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.