weakest job data in 9 months mars us recovery
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Weakest job data in 9 months mars US recovery

Arab Today, arab today

Arab Today, arab today Weakest job data in 9 months mars US recovery

Washington - Arabstoday

US employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months. Non-farm payrolls rose only 18,000, the weakest reading since September, the Labour Department said yesterday, well below economists' expectations for a 90,000 rise. Many economists had raised their forecasts on Thursday after a stronger-than-expected reading on US private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000. The unemployment rate climbed to 9.2 per cent, the highest since December, from 9.1 per cent in May. The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported. The report shattered expectations that the economy was starting to accelerate after a soft patch in the first half of the year. Article continues below The private sector added 57,000, accounting for all the jobs created, with government employment shrinking 39,000 because of fiscal problems at local and state governments. Economic activity in the first six months of the year was dampened by rising commodity prices and supply chain disruptions following Japan's devastating earthquake in March. Signs the labour market is struggling is a major blow for the Obama administration, which has struggled to get the economy to create enough jobs to absorb the 14.1 million unemployed Americans. The economy is the top concern among voters and will feature prominently in President Barack Obama's bid for re-election next year. So far, the economy has regained only a fraction of the more than 8 million jobs lost during the recession. At the same time, the Federal Reserve — which recently wrapped up a $600 billion (Dh2.20 trillion) bond-buying programme designed to spur lending and stimulate growth — appears unlikely to take any further steps to boost the economy. Details of the report showed widespread weakness, though factory payrolls rebounded 6,000 after contracting in May for the first time in seven months, with the recovery reflecting a step-up in motor vehicle production.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

weakest job data in 9 months mars us recovery weakest job data in 9 months mars us recovery

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

weakest job data in 9 months mars us recovery weakest job data in 9 months mars us recovery

 



GMT 20:01 2011 Thursday ,15 September

Kindle e-reader ads get local

GMT 21:34 2017 Saturday ,19 August

Taylor Swift donates to sexual assault charity

GMT 14:41 2017 Wednesday ,04 January

Nadal storms into Brisbane second round

GMT 13:02 2017 Monday ,06 November

Algerian health official criticizes minister

GMT 15:30 2017 Saturday ,14 October

Health and fitness e-zine seeks anti-ageing face oils

GMT 05:50 2017 Monday ,06 February

Philippine ministers fear mine closure will cost jobs

GMT 02:27 2018 Saturday ,20 January

over daughter's molestation claims

GMT 09:38 2018 Wednesday ,10 January

Berri receives official invitation to France

GMT 08:53 2017 Saturday ,30 December

George Wasoof celebrates his birthday
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday