Employers added 252,000 jobs last month, according to the Labor Department, and unemployment dropped to 5.6 percent after the number of November jobs was revised upward to 353,000.
Gains occurred in professional and business services, construction, food services, health care and manufacturing, according to the report.
Additionally, the number of part-time workers dropped by 269,000 as the number of full-time positions surged 427,000.
The news was dampened by falling wages, which dropped 5 cents per hour, bringing the annualized gain down to 1.7 percent.
To read the full report from the Department of Labor, click here.
Through November, shipments totaled 329,999 for all RVs, a 10 percent increase over 2013. Richard Curtin, from the University of Michigan, predicts another 18,000 for the month of December to close the year at 348,000 shipments.
While fifth wheels performed well, increasing 7 percent over last year, travel trailers carried the bulk of RV sales for the year, accounting for more than two-thirds of all towable sales.
The gasoline index posted its sharpest decline since December 2008 and was the main cause of the decrease in the seasonally adjusted all items index. The indexes for fuel oil and natural gas also declined, and the energy index fell 3.8 percent. The food index rose 0.2 percent with major grocery store food groups mixed.
The index for all items not including food and energy increased 0.1 percent in November. The shelter index rose 0.3 percent, and the indexes for medical care, airline fares, and alcoholic beverages also rose. In contrast, the indexes for apparel, used cars and trucks, recreation, household furnishings and operations, personal care, and new vehicles all declined in November.
The report is part of a series that reflects back on the impact of the Great Recession on the area, and Development Corp. President Dorinda Heiden-Guss stressed that the county could benefit from growth in food processing, professional service and health care to compliment the RV industry.
To read more, click here.
At the meeting, 93.8 percent of the eligible votes were cast in person or by proxy.
J. Allen Kosowsky (98.9 percent approval), Jan H. Suwinski (98.6 percent) and Wilson Jones (99.1 percent) were added as company’s board of directors as Class A directors, holding office until the 2017 annual meeting.
On the ratification of Deloitte & Touche as Thor’s accounting firm, 97.7 percent of votes cast were for the proposal.
On the advisory vote to approve the compensation of Thor’s named executive officers, 98.8 percent of votes cast were for the proposal.
Additionally, Thor’s Board of Directors approved a dividend of 27 cents per share at a meeting Tuesday (Dec. 9), according to a news release.
The mortgage application rise, aided by an increase in home refinancing, was the first in three weeks.
On an unadjusted basis, the index increased 52 percent compared with the previous week. The Refinance Index increased 13 percent from the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 37 percent compared with the previous week and was 4 percent lower than the same week one year ago.
The refinance share of mortgage activity increased to 64 percent of total applications from 60 percent the previous week. The adjustable-rate mortgage share of activity increased to 7 percent of total applications.