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.
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.