U.S. employers added 250,000 jobs and unemployment remained low at 3.7 percent in October but wage growth is the best news for workers, with pay growth topping 3 percent year over year for the first time since the Great Recession. Hourly wages climbed 3.1 percent from a year ago, while weekly pay increased by 3.4 […]
WEDNESDAY WORKFACTS: Business Openings & Closings / Job Gains & Losses
Gross Openings and Closings In the fourth quarter of 2017, the number of establishment openings increased by 4,000, to a total of 244,000 establishments. These new establishments accounted for 849,000 jobs, an increase of 12,000 jobs from the previous quarter. Data for establishment closings are available through the first quarter of 2017, when 660,000 jobs […]