Mexican Media Brands
U.S. Jobless Rate Drops to 50-Year Low
Unemployment in the U.S. fell in September to 3.5%, its lowest level since December 1969, from 3.7% in in August, the Dept. of Labor reports.
#economics #labor
Share
Unemployment in the U.S. fell in September to 3.5%, its lowest level since December 1969, from 3.7% in in August, the Dept. of Labor reports.
The American economy added 136,000 nonfarm jobs last month compared with an upwardly adjusted 168,000 positions in August. The department says the average monthly gain this year has been 161,000 jobs compared with 223,000 in 2018.
The number of still-unemployed adults in the U.S. fell last month by 275,000 to 5.8 million people.
The Labor Dept. reports that wage growth from August to September was essentially unchanged at $28.09 per hour. Jobs in the vehicle and components sector fell by 4,000, marking the third consecutive month of decline.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.