Close X
Saturday, November 30, 2024
ADVT 
International

Unemployment in US stays at 3.6% with 75,000 new jobs

Darpan News Desk IANS, 07 Jun, 2019 06:28 PM

    The unemployment rate in the US remained at 3.6 per cent in May, although only 75,000 jobs were created, the government said on Friday.

    The US economy continued at a level close to full employment but the slowdown in the creation of new jobs, below the expectations of analysts who had anticipated some 185,000, has raised concerns about a possible weakening of the labour market, Efe news reported.

    The average salary rose in May by six cents per hour to $27.83.

    In the last 12 months, wages have increased by 3.1 per cent.

    The participation rate in the labour force, the proportion of Americans who are employed or looking for a job, did not change and continued at 62.8 per cent, the same level as in April.

    It was the 104th month in which employment has grown consecutively in the US, the longest ever streak in the labour market.

    The Federal Reserve has reiterated that it will show patience in regard to future increases in interest rates for the remainder of the year, rates are currently between 2.25 per cent and 2.5 per cent.

    The unemployment data added pressure ahead of the meeting of the Fed on June 18 and 19, after the central bank said it was open to considering a possible drop in the face of concern over the escalation in trade tensions between the US with China and Mexico.

     

    MORE International ARTICLES

    UK Watchdog Finds Students 'Unfairly' Deported Over English Test Scam

    The UK Home Office said that almost all those involved in the cheating were linked to private colleges which the department already had "significant concerns" about.  

    UK Watchdog Finds Students 'Unfairly' Deported Over English Test Scam

    Two Indians, Pakistani Win Dubai Duty Free Raffle

    Two Indians, Pakistani Win Dubai Duty Free Raffle
    Two Indians and a Pakistani national became the latest winners in Dubai Duty Free's Finest Surprise promotion, the media reported.

    Two Indians, Pakistani Win Dubai Duty Free Raffle

    Bodies Of 4 Missing Indian Expats Found In Oman

    Bodies Of 4 Missing Indian Expats Found In Oman
    The bodies of four missing Indian expatriates from a family were found in a flooded area in Oman, police said.

    Bodies Of 4 Missing Indian Expats Found In Oman

    UK Sikh Girl Banned From Taking Kirpan To School Over Safety Concerns

    The girl brought the kirpan, worn by Sikhs as a mark of their faith, to the Redscope Primary School in Rotherham earlier this month, the Telegraph reported Wednesday.

    UK Sikh Girl Banned From Taking Kirpan To School Over Safety Concerns

    After Campaign From 12K Km Away, BJP Overseas Group In US Celebrates Win

    After Campaign From 12K Km Away, BJP Overseas Group In US Celebrates Win
    He told IANS on Thursday that over 1,000 volunteers from his organisation participated in phone bank call-a-thons that made more than 1 million calls to people in India asking them to vote for the Bharatiya Janata Party.    

    After Campaign From 12K Km Away, BJP Overseas Group In US Celebrates Win

    2 Indian Businessman First From The Community To Get 10-Year UAE Visa

    Vasu Shroff and Khushi Khatwani have been issued a 10-year-visa of the United Arab Emirates under UAE's long-term residency scheme to woo investors.  

    2 Indian Businessman First From The Community To Get 10-Year UAE Visa