Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / Pvt sector employment rising steadily in US
Pvt sector employment rising steadily in US
05
Apr '16
A total of 2.15 lakh jobs were added in the non-farm sector in the US in March this year as the country's economy continues to recover.

Businesses have been adding jobs at an extended, record-setting clip: a total of 14.4 million jobs over the last 73 consecutive months of private-sector job growth, Labour Secretary Thomas E. Perez said in a statement on the March 2016 Employment Situation report released on Monday.

The March unemployment rate was little changed at 5 per cent. The labour force participation rate and employment-population ratio are trending up, reaching two-year and seven-year highs respectively.

Other indicators continue to demonstrate a vibrant, growing economy. Consumer confidence increased last month; the labour market continues to strengthen, with 5.5 million job openings as of the end of January and weekly initial unemployment insurance claims remain consistently low in a way we haven't seen in more than four decades.

Perez said the recovery began at just about the moment the Affordable Care Act, popularly called Obamacare, was signed into law, six years ago last week. “So much for the doomsday predictions that the ACA would wreck the economy – all it's done is bring the uninsured rate at or near an all-time low, with more than nine in 10 Americans now enjoying health coverage.”

Notwithstanding the positive growth signals, the Labour Secretary warned that challenges, especially in the manufacturing sector remain.

Work still needs to be done to restore balance to the economy, to ensure that the recovery benefits people in all communities, up and down the income spectrum. Perez said there still were many people whose “hard work isn't rewarded with fair pay, who can barely get by, let alone get ahead.”

Although average hourly earnings had increased by 7 cents in March, yet the long-range trend of flat wages, pre-dating the Great Recession by several decades, remained the greatest barrier to shared prosperity.

Greatly appreciating the move of New York and California states to adopt the nation's highest minimum wage of $15 per hour phased in over time, he said the historic step would give millions of New Yorkers and Californians a raise.

The US administration was directing its energies to strengthen the middle class and ensure economic stability to the people. It was taking steps to help low-income seniors, migrant farm workers, the people of Flint, Michigan, and young adults involved in the criminal justice system get the training that will lead to good jobs.


Must ReadView All

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions &amp; Vertriebs Gmbh, founded in 1978 and headquartered ...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search