Friday 4 August 2017

Unemployment rate 📈 falls to 4.3% in US


U.S. 🇺🇸 economy added 209,000 jobs 👜 in July, while the unemployment rate 📈 fell slightly to 4.3%. Economists were expecting 180,000 new jobs and an unemployment rate of 4.3%.

Job growth 📈 for the first seven months of 2017, averaged 167,000👜, slightly below the 2016 trend at this point last year of 184,00. Still, "employment growth remains strong enough to keep the unemployment trending down," 'High Frequency Economist' Jim O'Sullivan writes ✏️ in a note to clients.

The share of the unemployed who have been jobless for 27 weeks of more rose for the second straight month.

The share of working-age Americans 🇺🇸 in the labor force was flat, suggesting the current healthy clip of jobs growth is not 🚫 benefitting those at the labor market's outer edges‼️

UCJ, UNILORIN.

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