US Sees Strong Job Creation In July As Unemployment Falls
Umer Jamshaid Published August 04, 2017 | 09:30 PM
He US economy continued robust job creation in July, with the unemployment rate falling back to a 16-year low amid strong hiring in restaurants and health care, government data showed
WASHINGTON, Aug 4, (APP - UrduPoint / Pakistan Point News - 04th Aug, 2017 ) - The US economy continued robust job creation in July, with the unemployment rate falling back to a 16-year low amid strong hiring in restaurants and health care, government data showed Friday.
The healthy jobs report was another dose welcome news for an embattled White House facing a stalled policy agenda and historically low public approval ratings. Despite a government rule barring officials from commenting on economic data untile one hour after release, President Donald Trump immediately hailed the report on Twitter: "Excellent Jobs Numbers just released - and I have only just begun.
Many job stifling regulations continue to fall.
Movement back to USA!" The world's largest economy added 209,000 net new positions for the month, well above analyst forecasts but below June's 231,000, the Labor Department reported.
The gain meant the unemployment rate ticked back down a tenth a point to 4.3 percent, the same as in May, when it reached its lowest level in 16 years. Hourly wages also continued to make steady if slow progress, 2.5 percent higher than July 2016, the same gain recorded the month before.
However, average monthly job creation so far in 2017 is 185,000, slightly below the average recorded in 2016 and well below 2015 and 2014.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 April 2024
Today Gold Rate in Pakistan 28 April 2024
Fresh wave of rainfall in AJK continues for the second consecutive day
Babar, bowlers help Pakistan level series 2-2 against New Zealand
Attack in restive Chilean province leaves three police officers dead
PM, Saudi Royal court advisor discuss ways to boost economic ties
England clinch third successive Women's Six Nations Grand Slam
DC Bahawalnagar leads fight for fair bread prices
Sheffield Utd relegated from Premier League
02 proclaimed offenders arrested by Wah Police
Pakistan level T20I series with nine-run victory over New Zealand
Minister meets Chinese Consul General, discusses bilateral cooperation, Chinese ..
More Stories From World
-
Football: French Ligue 1 table
6 hours ago -
Inter continue Serie A title party as Bologna slip in Champions League bid
6 hours ago -
Paris Saint-Germain win Ligue 1 title after Monaco defeat
6 hours ago -
Man City see off Forest to close on Premier League leaders Arsenal
7 hours ago -
Italian PM Meloni says will stand in EU elections
7 hours ago -
Masood Khan hails Pakistani-American physicians role in upgrading Pakistan's healthcare system; also ..
7 hours ago
-
Celtic down Dundee to stay on course for Scottish Premiership crown
8 hours ago -
Ireland will act to send asylum seekers back to UK: PM
8 hours ago -
Kainz keeps Cologne's hope alive with late equaliser at Mainz
8 hours ago -
Tennis: ATP/WTA Madrid Open results - 1st update
8 hours ago -
Inter continue Serie A title party as Bologna slip in Champions League bid
8 hours ago -
Masood Khan hails Pakistani-American physicians role in upgrading Pakistan's healthcare system; also ..
8 hours ago