A sizeable gain in trucking employment helped the total number of job additions move higher in January, according to a new Labor Department report.
A measure of the U.S. manufacturing sector released Thursday is just one in a raft of new economic reports that showed 2018 began with a similar pace to that seen when 2017 wrapped up.
The number of overall job additions in the U.S. slowed in December as the trucking industry shed some positions, while separate reports show a bit of softening in the factory sector, amid a new concern about the overall economic performance in the final part of 2017.
The U.S. economy added another 228,000 non-farm jobs in November, aided by job gains in the trucking industry, according to a Labor Department report released Friday.
Employers added another 261,000 non-farm jobs to the nation’s payrolls in October, but none were from trucking, according to a Labor Department report. A separate report showed another good month for the nation’s factories.
The nation’s unemployment rate dipped in September, while overall and trucking employment changed little, as factory orders, including those for core capital goods, rose in August.
Job growth slowed in August, according to government numbers released Friday, while other economic reports showed manufacturing hitting a six-year high as total construction spending unexpectedly slowed – and consumers are in the best mood since 2000.
Employers in the U.S. continued adding a strong number of jobs in July, while separate reports show better exports and factory orders.
The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.
U.S. job growth continued in May with unemployment hitting its lowest level in 16 years, likely paving the way for the Federal Reserve to hike interest rates again in a couple of weeks.
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