WASHINGTON, United States (AFP) – by Douglas Gillison The US economy saw robust job creation in July, largely surpassing analyst expectations, while the unemployment rate remained stable at 4.9 percent, the Labor Department reported Friday. The new numbers were also accompanied by upward revisions for the months of May and June in a sign that the job market in the world’s largest economy is healthier than previously thought. The strong figures also come in […]
Tag: US jobs
US economic slowdown hits hiring in April
WASHINGTON, United States (AFP) – by Paul HANDLEY US employers cut back hiring in April in the wake of the economy’s sharp downturn, raising worries of a protracted slowdown in the world’s largest economy. Net new jobs fell unexpectedly to the lowest level in seven months, with just 160,000 additional jobs generated, over 40,000 less than economists predicted, the Labor Department reported Friday. That was still a strong enough pace to continue absorbing new entrants to […]
