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
-
Young Auto Engineers Say Their Employers Don’t Measure Up
Only one-third of U.S. automotive engineers below the age of 36 agree that their work experience matches the way their employers’ portray themselves publicly, according to new research.
-
Tesla Fires Hundreds of Employees It Considers Sub-Par
Tesla Inc. dismissed roughly 400 hourly and salaried employees last week, according to The Mercury News in San Jose, Calif.
-
On the Management Side: Dealing with Rule Breakers
When an employee breaks the rules, what should his or her boss do about it?It’s an important question because the answer can affect the employee’s future behavior, his department’s morale—even a company’s relationship with a union, if one is involved.Every manager, therefore, should review his disciplinary methods periodically to make sure they are producing the most constructive results.