Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

Hispanic Unemployment Falls to LOWEST LEVEL in US HISTORY — RECORD SMASHED

The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May.

London continues to fare better than Kitchener-Waterloo, where the unemployment rate rose to six per cent last month, and Windsor, where it was 5.8 per cent.

Major U.S. stock indexes were mostly higher Friday after the jobs report was issued, keeping the market on track for a weekly gain after two weeks of losses.

However, the labour participation rate suggests the city had the lowest rate of labour participation or people who are employed, in the country.

The labour force participation rate, or the proportion of working-age Americans who have a job or are looking for one, rose to 62.9% last month from 62.7% in May.

The June jobs data showed an economy that may be on the cusp of producing stronger pay growth, something that could be disrupted if additional tariffs are imposed.

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The June jobs report marks the longest consecutive, positive monthly job expansion on record, at 93 months.

U.S. non-farm payrolls increased by rose by 213,000 jobs last month, the Labor Department said today. Even with more and more jobs, annual wage growth has remained stubbornly below 3% since early 2009. And as is the case in most months, professional and business services as well as education and health services were the sectors that saw the largest increase in employment, with 50,000 and 54,000 jobs added in these sectors respectively. The low jobless rate has yet to force employers to offer higher wages in order to fill job openings. It had declined for three straight months.

In Ontario, employment rose by 35,000 in June, bringing year-over-year gains to 157,000.

President Donald Trump has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what he says is unfair competition from foreign manufacturers.

But for now the sector, which accounts for about 12 per cent of the US economy, appears in good health. The public sector gained 11,800 jobs and the private sector lost 2,000.

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