The monthly jobs report for February from the Bureau of Labor Statistics brings a mixed bag of good news and bad news for the country. On the brighter side, the job numbers were better than expected. The economy added 242,000 jobs in February while the unemployment rate held steady at 4.9 percent despite fears of a global economic slowdown. On the more worrying side, average hourly wages declined for the month, falling 3 cents and equating to a 2.2 percent annualized jump, down from 2.5 percent in January. The actual jobs themselves were more likely to be part time than full time. The household survey indicated the workforce grew by 489,000, while full-time positions increased by just 65,000. Read the full report here.
Meet the people behind the products. From semi-conductors to Jet engine turbines – from apple pie filling to smoked salmon – from cosmetics to high definition micro displays – Council members make the products that make the world run. Through our podcast we introduce listeners to the people who own, work in, and support these businesses, businesses that together are the Council of Industry. We learn about their products and career paths. We learn about their leadership styles and their passion for their work. We learn about their challenges and their opportunities. In the process we learn more about manufacturing and why it is such a vital sector of our economy- vital to our region’s prosperity, our security and our future.