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US Unemployment Falls to Lowest Level Since May 2008
2015-05-08 22:25:13| Trucking - Topix.net
The trucking industry added 1,392 jobs in April as the unemployment rate dropped to 5.4%, the lowest level since May 2008, the Labor Department said May 8. The 223,000 net increase in overall employment followed an 85,000 gain in March that was the smallest since June 2012. "The pace of employment is quite encouraging," said Gregory Daco, head of U.S. macroeconomics at Oxford Economics USA Inc. "Wage growth is accelerating, but it's quite gradual, more gradual than we would expect in a market where the unemployment rate is 5.4%."
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Category:Transportation and Logistics