November's jobs report showed strength across the board. The Labor Department indicated progress across every demographic—gender as well as race and all age cohorts
Employment in America looks strong, almost too strong. Unemployment in November came in at 3.5% of the workforce, a 50-year low. The Labor Department indicated progress across every demographic – gender as well as race and all age cohorts. Payrolls expanded by 266,000 in November, a huge figure by any standard. Of course these statistics bounce aground from month to month, but the trends over several months look strong and that is especially significant.
One other statistic offered encouragement that the good news is real. Retail payrolls expanded by 2,000 workers. Jobs growth statistics at this time of year are always suspect, because of holiday hiring. The seasonal adjustments applied by the Bureau of Labor Statistics are supposed to remove this temporary effect, but they can mislead. If they had in this case, the upward distortion would have shown particularly in retail hiring.
Wages, too, continued the moderate rate of improvement they have shown all year. In November hourly wages in the private economy averaged $28.29, up from $27.43 a year ago, while weekly wages in November averaged $973.18, up from $943.59 a year ago. Both figures show a 3.1% gain for the last 12 months. Since consumer prices during this time rose some 1.8%, the implication is that real wages rose on average some 1.3%.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The highest-paying freelance jobs of 2020 where you can earn $90,000 or moreThe 25 highest paying freelance jobs in 2020 where you can earn $90,000 or more range from contract law and data visualization analyst to digital marketing consultant, according to Upwork.
Lire la suite »
At Least 16 People Have Contracted Hepatitis A In A Blackberry-Related OutbreakThe CDC reports that 16 individuals have contracted the Hepatitis A virus across Indiana, Michigan, Minnesota, Missouri, Nebraska, and Wisconsin.
Lire la suite »
Liberal groups to spend $7M to flip state housesAfter watching Republicans quietly build power in school boards and state Houses across the country for years, progressive Democrats are ready to take a lesson from their rivals
Lire la suite »
Strong quake in southern Philippines kills one, injures severalA 6.8-magnitude earthquake struck parts of the Philippines. Video footage posted on social media showed water sloshing out of a hotel swimming pool, fixtures shaking in a hotel room and people evacuating via a staircase
Lire la suite »
Negotiators work through the night to salvage U.N. climate summitNegotiators worked into the early hours of Sunday to try to salvage a strong glo...
Lire la suite »
Negotiators work through the night to salvage U.N. climate summitNegotiators worked into the early hours of Sunday to try to salvage a strong glo...
Lire la suite »