(Wall Street Journal / Worthy News)– The U.S. finally clawed back all the jobs lost since the recession hit in late 2007, a watershed in a slow recovery that finds a labor market still in many ways weaker now than before the downturn.
U.S. payrolls in May hit an all-time high after the first four-month stretch of job creation above 200,000 since the boom days of the late 1990s, according to the Labor Department’s latest employment report. In all, employers added 217,000 jobs last month, nudging payrolls above the prior peak in January 2008. The jobless rate, obtained from a separate survey of households, remained at 6.3%, the lowest level since September 2008.
The U.S. has 1.6 million fewer manufacturing jobs than when the recession began, but 941,000 more jobs in the accommodation and food-service sector. More than 40% of the jobs added in just the past year have come in generally lower-paying fields such as food service, retail and temporary help.
Source
We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Related News Items:
- Pro-Palestine Protest Shuts Down LA Freeway During Peak Rush Hour
- Two Hostages Return To Israel, But Several Others Killed
- IMF Reports 40% of Jobs Could Be Replaced by Artificial Intelligence
- US Job Market Faces Largest Revision Since 2009, with 818K Fewer Jobs Than Previously Reported
- US Employers Adds Over 250,000 Jobs in September
- Over 1,000 Inmates Battle LA Wildfires, Earning Pathways to Firefighting Jobs
- Trump Promises Tariff Revenue, Fair Trade and More Jobs
- U.S. Adds 228,000 Jobs in March, Surpassing Expectations
- Trump Says He Didn’t 'Wave Off' Israeli Strike on Iran, But Is 'Not in a Rush to Do It' (Video)
- India: Dozens of Tribal Christians Forced to Return to Hinduism, "Christians Who Convert…
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
