Showing posts with label unemployment rate. Show all posts
Showing posts with label unemployment rate. Show all posts

Friday, 5 September 2014

US economy adds 142,000 jobs in August

The US economy added 142,000 jobs in August, latest figures from the Bureau of Labor Statistics reveal, missing expectations.
The unemployment rate dipped to 6.1% from 6.2% in July.
The world's largest economy had been averaging a monthly jobs gain of 212,000 in the previous 12 months.
Part of the sluggish jobs growth was attributed to a loss of 17,000 food and beverage jobs as a result of a supermarket store strike.
Thousands of employees of the Market Basket chain of supermarkets in the northeastern US had gone on strike in July to protest the

Friday, 22 August 2014

Fed chief Yellen says slack remains in US jobs market

US Federal Reserve chair Janet Yellen has said there is still "remaining slack in the labour market".
It was understated by the unemployment rate, at 6%, she said.
She called for the slack to be "more nuanced" in the way it was assessed, due to "considerable uncertainty" about the level of employment.
Speaking to an annual Fed conference in the mountain resort of Jackson Hole, Wyoming, she also remained relaxed about the low interest rate policy.
Ms Yellen said the