Mexican Media Brands
U.S. Jobless Rate Drops
Unemployment in the U.S. declined to 3.9% in July from 4.0% in June and 3.8% in May, according to the Bureau of Labor Statistics.
#labor #economics
Share
Unemployment in the U.S. declined to 3.9% in July from 4.0% in June and 3.8% in May, according to the Bureau of Labor Statistics.
The rate, which has been steadily descending from a high of 10% in October 2009, is at an average of about 4% for this year to date. BLS says the number of unemployed people in the country last month dropped by 284,000 to 6.3 million.
The economy has averaged 200,000 new jobs per month since May and added 157,000 positions in July. Most found posts in the professional and business services, manufacturing and healthcare/social services sectors.
Manufacturing added 37,000 jobs last month, bringing its total increase to 327,000 positions in the past 12 months. BLS says the average hourly wage in the U.S. advanced 7 cents to $27.05.
RELATED CONTENT
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
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.
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.