US jobs market shows weakness in April

Jessica TranterLast Update : Friday 6 May 2016 - 3:49 PM
US jobs market shows weakness in April

US jobs market shows weakness in April

Image copyright Reuters

The US economy added 160,000 jobs in April – undershooting expectations and well below the 208,000 created in March, official figures show.

March’s figure was itself revised down from 215,000 and February’s was also revised from 242,000 down to 233,000.

April’s report is being closely watched, as it could influence an upcoming interest rate decision by the US Federal Reserve.

The strongest jobs growth was in business services and healthcare.

The unemployment rate remained at 5% and average hourly earnings rose at annual rate of 2.5%.

The number of jobs created in April was below the average of 200,000 for the past three months and the lowest for seven months.

It may indicate some weakening of the US economy, which is growing at a sluggish annualised rate of 1%.

Source: BBC Business

Short Link
2016-05-06 2016-05-06
Leave a Reply
Required fields*

Your email address will not be published.

Comments Rules :

عدم الإساءة للكاتب أو للأشخاص أو للمقدسات أو مهاجمة الأديان أو الذات الالهية. والابتعاد عن التحريض الطائفي والعنصري والشتائم.

Type a small note about the comments posted on your site (you can hide this note from comments settings)

Jessica Tranter