April 16, 2024 9:30 pm

U.S. Job Market Surges as Unemployment Drops to 3.7%

According to the latest report from the Bureau of Labor Statistics, the United States gained 199,000 jobs in November, while the unemployment rate declined to 3.7 percent. Average hourly wages rose 4.0 percent over the past year and increased by 0.4 percent, or 12 cents, compared to October. The most notable job gains were observed …

Biden tightens ‘Made in America’ loophole to boost domestic manufacturing

The Biden administration on Friday announced that it had updated the rules for implementing the provisions of the Buy American Act of 1933 “to ensure taxpayer dollars create good-paying jobs here at home, strengthen critical supply chains, and position U.S. businesses to compete in strategic industries.”