Business hiring forges ahead in June, with 213,000 jobs added
08 July, 2018, 07:43 | Author: Eric Barnett
The Bureau of Labor Statistics reported the economy added 213,000 jobs in June. Over the past three months, the economy has produced a robust average monthly job gain of 211,000. When a worker enters the labor force after spending a long period of time outside the labor force (that is, extreme long-term unemployment or being outside the labor force for other reasons), they are counted as long-term unemployed (that is, unemployed for 27 weeks or longer, but now looking for work). The EPOP for prime-age workers (ages 25 to 54) edged up to 79.3 percent, tying the high for the recovery reached in February.
The sluggish wage growth is made worse by rising inflation rates eating away at take-home pay. Wages continued their modest rise, increasing 2.7 percent from the year before.
But average, hourly earnings increased in both May and June, according toBLS numbers.
This includes over 5,000 new positions in computer and electronic products, 7,000 jobs in fabricated metals, and over 12,000 jobs in motor vehicles and parts.
Manufacturing has been one of President Trump's main areas of focus, and the administration's pro-business policies have had a direct impact on growth. Construction added 13,000 jobs, while retail lost 22,000 - nearly all the jobs it had gained the month before.
Despite the small bump in unemployment, a decade of steady job growth following the Great Recession has pushed unemployment to the lowest level in decades. This may be due to erratic seasonal factors.
Of those, 499,000 couldn't find work, but they did show up in the government's survey as searching for a job. The Wall Street Journal credited new manufacturing with the positive news. Nonetheless the EPOP for men is still 0.9 percentage points above its year-ago level, compared with 0.7 percentage points for women. With the job market expanding and new workers flooding in, some employers may not feel pressure to hike wages for their employees. The labor force participation rate is still hovering near historic lows.
Regina, Saskatchewan has a higher unemployment rate than Windsor, but may actually have more people working.
The dollar fell to a three-week low against a basket of currencies on the employment report. While 12.4 percent is still high for this recovery, it is well below the rates of more than 14 percent seen the last time the unemployment rate was this low in 1999 and 2000. The breakdown of the gains however was less rosy - centered around self- employment, part-time work and the public sector.
Austria fears that tighter German border controls would raise the number of migrants on its own territory. In her opinion, the unit should sign agreements with African countries to ensure legal migration.
But then, with just five minutes to go, Mario Fernandes played the role of hero, heading home a set piece to make it 2-2. And in the extra session, it looked like Croatia was well on their way to the victory and avoiding penalty kicks.
This version of Spidey first appeared in Marvel comics in 2009, and as the name suggests, is a darker version of the character. Nicolas Cage's superhero dreams are finally coming true, though probably not as he expected them to.
Pentagon and Army spokespeople said they couldn't explain the discharges because of pending litigation, the AP reported. In the suit, Calixto said he learned he was being kicked out soon after he was promoted to private second class.
We can only imagine how excited they must be. "Family of 5! @ stephencurry30 #mynewman ". "I'm bless!", he wrote in a caption. His wife, Ayseha Curry, announced the birth of the couple's third child with an Instagram post .
Thiem, 24, received a medical timeout for treatment on his back before the pain eventually became too much early in the third set. He reached the quarterfinals in his Wimbledon debut in 2014 but had to retire with a hip injury in the first round a year ago .
San Diego Gas and Electric says almost 1,700 customers are without power after the fire damaged the electric system. The Santa Barbara Fire Department said multiple structures had burned and 50 to 100 homes were threatened.
The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers. Denis Cheryshev thumped home in the first half only for Andrej Kramaric to level before the break.
Rondo is viewed as one of the smartest players in the game and that should see him be a good fit alongside James. Although he spent his entire career with LA, Magic knows the magnitude of the Lakers' lure.
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Rakitic stepped up to score the winning kick and earn his country a place in the semi-finals for the first time since 1998. Russian Federation and Croatia face off Satuday, July 7 in the final quarterfinal match of the 2018 World Cup .
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