Mexican Media Brands
U.S. Jobless Rate Rises to 7.9%
Employers added 157,000 jobs in the U.S. in January, according to the Dept. of Labor.
#labor #economics
Share
Employers added 157,000 jobs in the U.S. in January, according to the Dept. of Labor. But the unemployment rate, which is based on a separate survey, worsened to 7.9% from 7.8% in December.
Economists say the report was more positive than it appears at first glance. The Labor Dept. revised upward its employment estimates from November and December by a combined 127,000 jobs.
The department also hiked its full-year employment figures to an average of 180,000 new jobs added per month from the previously estimated 150,000 jobs.
America's construction industry hired 82,000 jobs last month. Economists say the housing rebound appears to be picking up, which is good news for the overall economy, consumer confidence and the sale of big pickup trucks.
RELATED CONTENT
-
GM Unit Stresses Driver Training in Autonomous Cars
General Motors Co.’s Cruise Automation unit says it puts backup drivers and auditors through extensive training before allowing them to participate in real-world autonomous vehicle tests.
-
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.
-
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.