Service Sector Employment Gains in Solid Jobs Report; Manufacturing And Construction Lose Jobs

from The Economic Policy Institute

Here's a link to a jobs report for the US. The nation's payrolls expanded by 132,000 jobs last month, according to today's report from the Bureau of Labor Statistics. Unemployment ticked up slightly to 4.5%, in a jobs report characterized by solid employment gains in service industries and losses in factories and construction. Turning to wages, the hourly wage rate for blue-collar production workers and non-managers in services is up 4.1% over the past year, a growth rate ample enough to solidly surpass recent inflation readings that have been well below 2% (weekly earnings were up 4.4% over the past year).

Service Sector Employment Gains in Solid Jobs Report; Manufacturing And Construction Lose Jobs