Mexican Media Brands
U.S. Unemployment Drops to 6-Year Low
America's jobless rate fell to 5.9% in September from 6.1% in August, its lowest level since July 2008, according to the U.S. Dept. of Labor.
#labor #economics
Share
America's jobless rate fell to 5.9% in September from 6.1% in August, its lowest level since July 2008, according to the U.S. Dept. of Labor.
Employers created 248,000 jobs last month. The Labor Dept. says the country has added an average 227,000 positions per month this year, the strongest growth in about 16 years.
The number of unemployed people in the country declined by 329,000 to 9.3 million. But the Labor Dept. says the number of involuntary part-time workers remained unchanged at 7.1 million.
Job growth in the manufacturing and the transportation sectors in September was essentially flat for the second straight month. Analysts note that actual wages have climbed only 2% to an average $24.53 per hour in the past 12 months.
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.
-
UAW to Continue GM Strike Pending Contract Ratification
The United Auto Workers union will continue its walkout at General Motors Co. pending ratification of a new four-year labor agreement by union members next week.
-
EU’s Industry Commissioner: “Diesels Are Finished”
The Volkswagen diesel scandal triggered a “breakthrough moment” among European consumers about clean air that will mean the demise of diesels, says European Union Commissioner Elzbieta Bienkowska.