Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

US adds 235,000 jobs

by | May 25, 2021

JobsWashington, (IANS) : The US added a robust 235,000 jobs in February, while the unemployment rate fell to 4.7 per cent, official data showed.

The data released on Friday exceeded expectations and continued the 77-month-long expansion of the labour market that started under former President Barack Obama. Job gains have averaged 209,000 over the past three months, The Hill magazine reported.

White House press secretary Sean Spicer said: “Not a bad way to start day 50 of this administration.”

The strong numbers are all but certain to ensure the Federal Reserve raises rates during its meeting next week.

President Donald Trump has vowed to bring jobs back to the US behind tax reform that his administration said will in turn accelerate the nation’s economic growth.

Growth was slightly slower than January, which was revised up to 238,000 jobs, the Labour Department reported on Friday. Employment gains were 9,000 more than previously reported.

Retailers posted 26,000 job losses after a gain of 40,000 in January.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys

Fintech startup ESOPDhan eyes Rs 500 cr loan book to fund ESOP buys

Financial services startup ESOPDhan on Sunday said it is aiming at a Rs 500 crore loan book by 2025, helping many more people buy stock options being offered by their employers. Bengaluru, Feb 19,2023: Financial services startup ESOPDhan on Sunday said it is aiming at...

Japan to increase employment of people with disabilities

Japan to increase employment of people with disabilities

Japan will raise its mandatory employment rate of people with disabilities to 2.7 per cent from 2.3 per cent. Tokyo, Jan 15,2023:  Japan will raise its mandatory employment rate of people with disabilities to 2.7 per cent from 2.3 per cent. This marked the largest...

Sacked Amazon employees in India break down, ‘crying in office’

Sacked Amazon employees in India break down, ‘crying in office’

As Amazon announced to lay off 18,000 employees globally including nearly 1,000 in India, reports have surfaced that some of the impacted employees broke down and were left "crying in the office" when they heard they have been asked to go. New Delhi, Jan 15,2023:  As...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *