WASHINGTON — U.S. businesses added a smaller but still-healthy number of jobs last month, while the unemployment rate remained at a five-decade low and wages rose at a solid clip. The unemployment rate remained 3.7%, nearly a five-decade low, for the third straight month. The ongoing job gains are pushing down unemployment rates to historically low levels for a variety of groups. The unemployment rate for men aged 20 and above fell last month to 3.3%, the lowest in 18 years. Employers have posted 7 million open jobs, outnumbering the ranks of the unemployed, which fell last month to just under 6 million.

Source: National Post December 07, 2018 13:50 UTC