Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN North America
Public Administration News  
Share
US Jobless Rate Falls to Four-year Low of 7.5%
Source: globaltimes.cn
Source Date: Saturday, May 04, 2013
Focus: Information Access, E-Participation
Country: United States
Created: May 07, 2013

US employers added 165,000 jobs in April, reducing the unemployment rate to 7.5 percent, the lowest level since December 2008.

The numbers from the Labour Department show signs that the US job market is improving despite higher taxes and government spending cuts that took effect this year. The hiring last month was broad-based and overwhelmingly in the private sector. The only sectors of the economy that cut jobs were in construction and in the government.

The US unemployment rate has fallen 0.4 percent since the start of the year, though it remains high. The Federal Reserve has said it plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent.

News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 76

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network