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US Jobless Rate Falls to Four-year Low of 7.5%
Source: globaltimes.cn
Source Date: Saturday, May 04, 2013
Focus: ICT for MDGs, Internet Governance
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.

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