US employers closed out 2017 with modest but steady hiring
WASHINGTON (AP) — The December jobs report suggests that the economy has entered the new year on solid footing. Employers added 148,000 jobs, enough to keep the unemployment rate at 4.1 percent for a third straight month. The numbers indicate that job gains are slowing, which typically happens when unemployment falls to ultra-low levels. Despite the difficulty some employers are having in finding qualified workers, pay gains remain sluggish.
African-American unemployment hit record low in December
WASHINGTON (AP) — Years of steady hiring and economic growth have delivered a cumulative benefit for at least one group that hasn’t always shared in America’s prosperity. The unemployment rate for African-Americans reached 6.8 percent in December, the lowest level since the government began tracking such data in 1972.
Tech stocks rise for fourth day as New Year rally continues
NEW YORK (AP) — U.S. stocks rise for the fourth day in a row as the government’s December jobs report shows strong hiring in manufacturing and construction and an increase in factory orders. Technology companies are rising, as are health care and consumer-focused companies. Job growth continued even though employers didn’t add as many jobs as experts expected.
Your paycheck may be going up soon because of tax cuts
WASHINGTON (AP) — Millions of working Americans should start seeing fatter paychecks as early as next month, as a result of the recent tax cuts recently passed by Congress. But the precise timing hasn’t been fixed yet. And some employees should be aware that less money withheld doesn’t necessarily mean that their tax burden will shrink next year.
Wolff: “In every way comfortable” with Trump book
WASHINGTON (AP) — Author Michael Wolff says he spoke with President Donald Trump multiple