May 27, 2019
Latest News

US jobless rate unchanged at 3.7 pct. in November; 155,000 new jobs created

 The United States' headline unemployment rate remained unchanged at 3.7 percent in November, its lowest level since 1969, while non-farm payrolls in the world's largest economy rose by 155,000, the Labor Department reported on Dec. 7, 2018. EFE/File

The United States' headline unemployment rate remained unchanged at 3.7 percent in November, its lowest level since 1969, while non-farm payrolls in the world's largest economy rose by 155,000, the Labor Department reported on Dec. 7, 2018. EFE/File

Washington, Dec 7 (efe-epa).- The United States' headline unemployment rate remained unchanged at 3.7 percent in November, its lowest level since 1969, while non-farm payrolls in the world's largest economy rose by 155,000, the Labor Department reported Friday.

The US economy remains close to full employment, although the number of new jobs was below the 190,000 forecast by economists.

A key highlight of the jobs report was the rise in average hourly wages for all employees on private nonfarm payrolls, which climbed $0.06 to $27.35 in November from October.

Average hourly wages climbed by $0.81 - or 3.1 percent - year-over-year, marking the second straight 12-month period that increase was more than 3 percent. Wages are estimated to keep moving upward due to the robust labor market.

The Bureau of Labor Statistics' employment situation report for October 2018 showed that wages and salaries had climbed more than 3 percent on a yearly basis for the first time since 2009.

The US labor force participation rate (the share of the population 16 years and older either working or seeking work) remained unchanged from the previous month at 62.9 percent.

US employment has risen for 97 consecutive months, the longest jobs-expansion streak on record.

News history
Workers in Turkey rely on traditional method to turn oak trees into charcoal

Workers in Turkey have been making charcoal using a traditional method that involves arranging the trunks of oak trees into large circular piles.

Renault confirms it has received a merger proposal from Fiat Chrysler

Paris, May 27 (efe-epa).- The Renault car manufacturing group confirmed on Monday that it had received a proposal from Fiat Chrysler Automobiles to...

New Zealand's 'wellbeing budget': revolutionary innovation or empty rhetoric?

By Rocio Otoya

Fiat Chrysler unveils Renault merger proposal

By Sean McLain, Nick Kostov and Eric Sylvers

Waiting in long lines to buy food is Cuba's current crisis and biggest joke

By Atahualpa Amerise

Mexico's plans for embattled energy sector spark criticism

Eduard Ribas i Admetlla

Champions final to generate 123 million euros, 66 million will stay in Madrid

Madrid, May 24 (efe-epa).- The UEFA Champions League final between Tottenham Hotspur and Liverpool at the Wanda Metropolitano stadium in Madrid will...

Trump pledges another $16 bn for farmers hurt by Chinese tariffs

Washington, May 23 (efe-epa).- President Donald Trump on Thursday approved a second aid package for US farmers, this one for $16 billion, with the aim of...

Experts stress using digital tools to make Colombian companies more dynamic

Cali, Colombia, May 23 (efe-epa).- Increasing human beings' use of digital tools is the vehicle whereby Colombia's business sector will develop, several...

China, Brazil agree to boost trade, cooperation

Beijing, May 23 (efe-epa).- The vice presidents of China and Brazil presided here Thursday over the fifth gathering of the Sino-Brazilian High-Level...

ECB officials warned Eurozone economy may not rebound as expected

By Tom Fairless

Xi pushes for innovation so that China wins the new technological Cold War

By Jesus Centeno

FAA's acting chief won't predict when Boeing 737 MAX will return to flight

By Andy Pasztor

Deutsche Bank CEO signals more cuts to investment bank

By Jenny Strasburg

Israel blockades stem exports from Gaza

By Laura Fernández Palomo

Carlos Ghosn attends first preliminary hearing in Tokyo ahead of trial

Tokyo, May 23 (efe-epa).- The former head of Nissan and Renault on Thursday attended the first preliminary hearing ahead of his trial, as his defense team...

Massive seaweed influx in Cancun's hotel zone

Cancun, Mexico, May 22 (efe-epa).- The hotel zone along the beaches in the Mexican resort city of Cancun on Wednesday experienced a massive influx of...

Journalism in digital age must rethink how to reach its audience

By Gina Baldivieso

Geneva, May 22 (efe-epa).- Venezuela's health minister said here Wednesday that economic sanctions imposed by Washington are to blame for shortages of...

Bucking US sanctions, American Airlines expands flights to Cuba

Havana, May 22 (efe-epa).- American Airlines, the leading international carrier serving Cuba, said Wednesday that it intends to offer additional flights to...

The UK's British Steel begins insolvency proceedings

London, May 22 (efe-epa).- British Steel Ltd., the United Kingdom's second-largest steelmaker, has started insolvency proceedings after the country's High...

Rare earths emerge as China's possible trump card in trade war against US

Jesus Centeno

India's antitrust watchdog surveys e-commerce firms including Amazon, Walmart

New Delhi, May 22 (efe-epa).- India's antitrust watchdog is assessing the domestic e-commerce sector, a step that could have consequences for Amazon.com...

Internal review reveals sexual assault cases in New Zealand parliament

Sydney, Australia, May 22 (efe-epa).- The New Zealand parliament on Wednesday admitted that at least three cases of serious sexual assault had taken place...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.