The unemployment rate drops to 4.1% in October

The unemployment rate in the United States fell by one tenth and stood at 4.1% in October, the lowest in 17 years, thanks to the creation of 261,000 new jobs, the government reported today.

Last month the labor market recovered from the September slump, when hiring was hurt by the impact of hurricanes Harvey and Irma in the populous states of Texas and Florida.

In its report, the Department of Labor revised up the hiring data in September, when 18,000 jobs were created compared to the loss of 33,000 initially calculated.

Although the 261,000 new jobs in October represent a clear improvement over the previous month, the figure was below the expectations of the experts, who anticipated a figure above 300,000.

With the upward revisions of hiring in August and September included in today’s report, the US economy has generated an average of 162,000 jobs per month in the last three months.

As for the average salary per hour, it remained practically stable last month and stood at $ 26.53.

During the last twelve months, that average salary has increased by 63 cents, which is equivalent to 2.4%, according to the report.


Please enter your comment!
Please enter your name here


The economic policy of the progressives marks the democratic contest to 2020

Almost a score of Democrats aspire to the White House in the presidential elections that the United States will celebrate in 2020, a race...

Trump advocates “modernizing and rebuilding” the US nuclear arsenal

The president, Donald Trump, pleaded today for "modernizing and reconstructing" the US nuclear arsenal, during his first speech on the State of the Union...

Duque learned of Colombia’s goal in an interview with The Washington Post

The elect president of Colombia, Iván Duque, learned today about the goal scored by Yerry Mina to classify the Colombian team in the Round...

Protecting the Innovation that Protects Global Health

By Adam Mossoff.- The most far-reaching healthcare policy decision of 2021 won't be made in Congress or the White House. It will be made at...

Tampa Bay students qualified for a new scholarship program

Hillsborough County Public School District in Tampa and Erwin Technical College in partnership with Frontdoor want to create opportunities in specialized business sectors and...