US added 390,000 jobs in May as Ford prepares to add thousands of workers

The US added 390,000 jobs in May as hiring remained strong. The unemployment rate was unchanged at a low 3.6%, the Labor Department said ...

Compartir
Suscríbete
Suscribe our Newsletter
Recibe por email las noticias más destacadas
  • The US added 390,000 jobs in May as hiring remained strong.
  • The unemployment rate was unchanged at a low 3.6%, the Labor Department said on Friday.
  • Ford plans to add 6,200 jobs in Ohio, Michigan and Missouri.

Good news! US employers added 390,000 jobs in May, extending a streak of strong hiring that has buoyed an economy under pressure from high inflation and interest rates, The Associated Press reported.

Last month’s increase reflects a still healthy job market despite concerns the economy will weaken in coming months as the Federal Reserve steadily raises rates to fight inflation. The unemployment rate was unchanged at a low 3.6%, the Labor Department said on Friday.

Thousands of companies hiring

usa jobs

Photo: AP

Companies in many industries remain desperate to hire because their customers have continued to spend freely despite intensifying concerns about high inflation. Americans’ finances have been boosted by rising wages and an unusually large amount of savings that have accumulated during the pandemic, particularly in higher-income households.

Workers, in general, enjoy almost unprecedented bargaining power. The number of people quitting their jobs, usually for better positions with higher pay, has been at or near a record high for six months. With wages rising across the economy, companies are passing on at least some of their higher labor costs to their customers in the form of higher prices. The costs of food, gasoline, rent and other items, which fall disproportionately on low-income households, are accelerating at nearly the fastest rate in 40 years. Filed Under: US jobs on the rise.

Ford will add thousands of jobs

jobs in usa
Photo: AP

For its part, Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and launch two redesigned combustion engine models. The company says it will invest $3.7 billion in the three states between now and 2026. It will also convert some 3,000 temporary workers to full-time workers with pay raises and benefits, according to The Associated Press.

A factory in Avon Lake, Ohio, near Cleveland, will be expanded so it can build an unidentified new electric commercial vehicle, with 1,800 new jobs. Ninety more jobs will be added in Lima and Sharonville, Ohio. A plant in Claycomo, Missouri, near Kansas City, that makes large electric and combustion engine Transit vans, will have a third shift of 1,100 workers to handle the increased demand. Filed Under: US jobs on the rise.

Good news for job seekers

FORD
Photo: AP

In Michigan, Ford Motor Co. plans to add 2,000 jobs at three assembly plants and another 1,200 at other facilities. A factory in the Detroit suburb of Wayne that now builds the Ranger midsize pickup will see investment and jobs make a new Ranger. A plant in Flat Rock, south of Detroit, will make a new version of the Mustang muscle car.

And Ford’s Dearborn Electric Vehicle Center will see investment and jobs so it can build more F-150 Lightning electric trucks to meet unexpectedly high demand. The company will also add 600 jobs at a new parts packaging plant in Monroe, Michigan, and another 600 at various component plants in Michigan. Filed Under: US jobs on the rise.

The post US added 390,000 jobs in May as Ford prepares to add thousands of workers appeared first on Mundo Hispánico.

Etiquetas: