unemployment rate: The Labor Department said Friday that the unemployment rate dropped to 7.3 per cent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years, according to 660 News. Employers have added an average of just 148,000 jobs in the past three months, well below the 12-month average of 184,000 and WASHINGTON U.S. employers added 169,000 jobs in August and many fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserves decision later this month on whether to reduce its bond purchases. Julys job gains were just 104,000, the fewest in more than a year and down from the previous estimate of 162,000. Junes figure was revised to 172,000, from 188,000. The revisions lowered total job gains over those two months by 74,000.
(www.immigrantscanada.com). As
reported in the news.
Tagged under unemployment rate, topics.
8.9.13