US adds 148,000 jobs in December
Washington, Jan 5 (IBNS): The US economy has added 148,000 jobs in December, official data released on Friday highlighted.
The data released by the Labour Department showed jobless rate stayed at 4.1 per cent last month.
U.S. Secretary of Labor Alexander Acosta said in a statement: "December’s jobs report shows steady growth with 148,000 jobs created. The unemployment rate remains at 4.1%, a 17-year low."
“The American workforce showed impressive strength in 2017 with 2.06 million jobs created. Manufacturing and mining and logging outperformed other industries, reversing job losses in 2016 by creating more than 250,000 new jobs in 2017. Construction also outperformed 2016 figures, creating 210,000 new jobs in 2017. Hispanic and African-American unemployment rates reached all-time lows in 2017. In the last two reported quarters, the GDP growth rate exceeded 3%. Measures of consumer and business confidence reached highs unseen in more than a decade. Americans’ retirement savings benefited from dramatic gains, fueled by a more than 35% increase in the stock market since Election Day 2016," she said.
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