Study shows US low unemployment thanks to manufacturing jobs, auto industry


WASHINGTON, D.C. (KRQE) – A new report shows unemployment is at its lowest rate in a half-century.

The U.S. Labor Department says the economy grew by 266,000 jobs last month, lowering the unemployment rate to 3.5%. Manufacturing jobs increased by 54,000, fueled largely in the automotive industry. Analysts say the report is a sign of a strengthening economy.

“The consumers, the investors feel comfortable in our market and this has been a pattern that we’ve seen over time,” said Jonathan Corpina of Meridian Equity Partners.

The reports also found hourly wages rose 3.1% from last year.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Now Trending on

Video Forecast

Connor's Sunday Morning Forecast

Thumbnail for the video titled "Connor's Sunday Morning Forecast"
More Weather Video Forecast

Don't Miss

More Don't Miss

The Series Ep2: Social Pressure ➞