This just in — the job market is showing an uptick, albeit slow, to reveal economic growth is on the rise.
According to the Labor Department, employers added 157,000 last month and the unemployment rate is now 7.9 percent. Although economists had forecasted the rate would have remained steady at 7.8, it doesn’t seem the increase is too much to become worried about.
Although payroll growth is rising, the report showed that overall, employment was boosted in retail, construction, health care and wholesale trade. Manufacturing got a small uptick as well.
As for other news, average earnings rose by four pennies to $23.78 an hour and the average work week was documented at 34.4 hours.