Catherwood LibraryILR School

The U.S. Department of Labor released a report today that the economy added 288,000 jobs last month, the unemployment rate fell to 5.6 percent, and the manufacturing industry added 21,000 jobs. Employment is now rising at nearly the same pace as it was during the economic expansions of the 1980's and 1990's, which offers hope that the hiring slump of the last three years has ended. Figures also show that the increase in hiring has resulted in employers raising pay for production or non-supervisory workers, an average of 5 cents last month to $15.59.