Unemployment at lowest 48 years in US

Unemployment at lowest 48 years in US

The unemployment rate in America has dropped to 3.7% in the state against 3.9% in August in an emerging economy, the labour department announced today, stressing that this is the lowest level since December 1969. In fact, job creation marked significant decline by [...]

In fact, job creation marked significant declines by registering 134,000 employees after the figure of 201,000 in August, but that was due to the direct impact that Hurricane Florence struck the eastern US coast.

However, the number of new employment is lower by analysts' forecasts, which expected the creation of 184,000 jobs.

Moreover, despite the expansion of the labour market, salaries have registered a very poor growth (+ 0.29%) in proportion to August.

In a year, salary growth has slowed to 2.8% against 2.9%, which had been announced in previous months.

 

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