For the U.S., it's jobs, jobs, jobs! (Just don't mention wages)
Mar 10, 2018, 00:35
Despite a lower-than-expected wage increase in February, many economists said longer term trends still point to higher wages.
The world's largest economy added 313,000 jobs last month, the strongest gain since July 2016, according to the employment report from the Bureau of Labor Statistics.
The BLS report found that average wages increased by four cents and now sit at $26.75 for the month of February.
Over the past three months, job gains averaged 242,000, a pace regarded as healthy, as the job market is approaching full employment.
The unemployment rate in MA held steady at 3.5 percent in January while preliminary estimates show the state lost more than 6,000 jobs during the month.
The average workweek rebounded to 34.5 hours after falling to 34.4 hours in the previous month.
Wages have lagged behind the growth in employment since the last recession.
"We would really like to see the wage rate come up from where it was in 2017", Barrera said. However, wages are up 2.6% from a year earlier, The Wall Street Journalreported.
This report also clears the way for the Federal Reserve Board to raise the benchmark interest rate when it meets this month under its new chairman, Jerome H. Powell.
"We're already seeing this working and we're already seeing workers get the benefits of this", Treasury Secretary Steven Mnuchin told CNBC on Friday. Workers unemployed for less than 14 weeks increased by 191,000, while the number of long-term unemployed, those jobless for 27 weeks or more, fell by 24,000 and accounted for 20.7% of the unemployed. The manufacturing sector also added 31,000 jobs, while retail employment rebounded from declines a year ago.
Some companies like Starbucks Corp and FedEx Corp have said they would use some of their windfall from a Dollars 1.5 trillion income tax cut package to boost workers' salaries. "We continue to expect the strongest year of economic growth since 2005". Experts had forecasted a gain of just 200,000 jobs for the month. The economy grew at a 2.5 percent pace in the fourth quarter. Over the past 14 months, the US economy has added 195,714 each month on average-a strong figure. Construction added 61,000 new jobs, a "surprisingly strong" number in the middle of winter, when construction tends to slow down, said Cathy Barrera, the chief economist at ZipRecruiter. Hiring at construction sites was likely boosted by unseasonably mild temperatures in February.
Manufacturing payrolls were up 31,000, well above the consensus target of 17,000. Employment in the manufacturing sector, which is supported by strong domestic and worldwide demand as well as a weaker dollar, rose by 31,000.
Manufacturing totaled 12.614 million jobs on a seasonally adjusted basis in February, which is up from 12.583 million in January 2018. Retail trade employment rose by 50 k over the month. "JOBS! JOBS! JOBS!", he wrote, adding the hashtag "#MAGA" to invoke his campaign trail slogan: "Make America Great Again".
Financial sector payrolls increased by 28,000 last month, the most since October 2005.
Meanwhile, investigating agencies are reportedly expanding their probe against Karti beyond the INX Media and Aircel-Maxis cases. He's alleged to have received a kickback of $ 7,00,000 using his father's influence as the union minister.
Nintendo also announced that there would be a simple mode, for players who prefer to just participate in a normal round of tennis. The game mixes strategy with puzzle, and has you matching sushi colors in order to pile on plates to toss at your opponent.
The company is responsible for some of the most influential video games such as Half-Life , Counter-Strike and Portal . New skins, amiibo, and other peripherals to continue the hype of series that we love so much.
About 2.91M shares traded or 21.73% up from the average. (NYSE:MAA) has risen 0.92% since March 8, 2017 and is uptrending. Retirement Sys Of Alabama holds 0.03% or 165,242 shares in its portfolio. (NYSE DPZ) opened at $222.96 on Thursday.
Fransen said authorities were working to establish a secure perimeter around the facility, which is home to about 1,000 residents. Residents were temporarily evacuated from the veterans home in October when fires raged through Napa County.
If the status of Uganda's women is going to be elevated and progress made in the various programmes, it should involve all of us. Global Health Assistance Funding from any NGO or clinic overseas that so much as mentions the word abortion.
The Supreme Court has restored the marriage of Hadiya , the center of the Kerala love jihad controversy, Thursday afternoon. Following this, her father approached the Kerala High Court, alleging that she had been forcibly converted.
In January, court documents revealed Toys "R" Us planned to shutter as many as 182 stores, including three in San Diego County. Toys "R" Us is prepping to liquidate its USA operations, according to several media reports .
Samsung Electronics will begin sales of Galaxy S9 and Galaxy S9 Plus smartphones in India on March 16 , a company official said. As far as screen size goes, the Note 9 may well match the 6.3 inches of the Note 8 , just a shade bigger than the S9 Plus.
I'm not here for stats or anything like that. "That's what our expectations are: come in, be a good teammate, try to help us win. According to ESPN reporter Adrian Wojnarowski , Rose is signing with the Wolves for the rest of the season.
State Senate, Assembly pass new gun control legislation
The bills would also ban bump stocks and require out-of-state residents to prove they are mentally fit to own a gun in NY state. The Democrat says anyone convicted of a domestic violence crime would have to surrender any firearms they possess.