| 1 MINUTE READ

Job Growth Revives in U.S.

Jobs growth in the U.S., which slowed to 156,000 new non-farm positions in October, jumped to a 10-month high of 266,000 in November.
#GeneralMotors

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Jobs growth in the U.S., which slowed to 156,000 new non-farm positions in October, jumped to a 10-month high of 266,000 in November, according to the U.S. Bureau of Labor Statistics.

The end of a 40-day strike by United Auto Workers union members at General Motors Co. contributed to a net gain of 41,000 jobs in the manufacturing sector.

Economists, noting that multiple indicators since summer have signaled slowing economic growth, had expected a gain of only about 180,000 jobs last month. BLS says growth this year has averaged 180,000 jobs per month compared with 223,000 in 2018.

The bureau estimates the country’s unemployment rate dropped to 3.5% from 3.6% in October. The number of unemployed adults was unchanged at 5.8 million people.

Related Topics

RELATED CONTENT

  • RAV4: 4 Things About the Fourth Generation

    Although the RAV4 has plenty of heritage in the small crossover segment, competition has gotten a whole lot tougher, so Toyota has made significant changes to the fourth-generation model.

  • Designing the 2019 Ram 1500

    Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”  

  • Developing the Lotus Elise Series 2

    How GM, Toyota and a Couple of Gutsy Managers Made the U.S. Version of the Two-Seater a Reality