California Today
Raises come with new minimum wage law.
Raises come with new minimum wage law.
Jan. 8, 2018.JOB GROWTH DECELERATED IN DECEMBER: Passage of a tax cut late last month failed to accelerate job growth, according to the latest numbers from the Labor Department, though wage growth ticked up slightly.
The tax bill's passage prompted AT&T and other companies to pledge $1,000 bonuses to workers, but the Labor Department reported Friday that 148,000new jobs were created in December, down from 252,000 jobs in November.
The new job-growth number was still relatively robust, and it's early days yet. Friday's report showed that the economy continues to expand in its ninth year of recovery.
The year 2017 saw the creation of 2.1 million jobs, slightly below 2016's 2.2 million, when Barack Obama was president. President Donald Trump didn't take office until Jan. 20 last year, but his supporters frequently cite the stock market's rise after his November election as evidence of Trump's favorable impact on the economy. More here.
Politico.
No comments:
Post a Comment