Mexican Media Brands
U.S. Ends 2012 with 7.8% Unemployment
Employers, who added an upwardly revised 161,000 U.S. jobs in November, hired another 155,000 workers in December, according to the Dept. of Labor.
#labor #economics
Share
Employers, who added an upwardly revised 161,000 U.S. jobs in November, hired another 155,000 workers in December, according to the Dept. of Labor.
The American jobless rate, which is based on a different government survey, remained unchanged at 7.8%, the Labor Dept. reports.
The private sector expanded its payrolls by 168,000 jobs last month. Federal and local governments shed 13,000 workers.
In the final three months of 2012, private employers created 542,000 jobs despite growing U.S. fiscal uncertainties compared with 419,000 in the third quarter.
Economists say the lack of significant improvement in employment will encourage the Federal Reserve to continue its bond-buying program to stimulate the economy.
RELATED CONTENT
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
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.