Wednesday February 19, 2020

US employment figures lower than expected

Employers in the US hired fewer workers than forecast in June, showing the labour market is making scant progress toward reducing joblessness.

6th July, 2012

Employers in the US hired fewer workers than forecast in June, showing the labour market is making scant progress toward reducing joblessness. Payrolls rose 80,000 last month after a 77,000 increase in May, Labour Department figures showed today in Washington.

Economists projected a 100,000 gain, according to the median estimate in a Bloomberg News survey.

The unemployment rate held at 8.2 per cent. Private employment, which excludes government agencies, increased 84,000 in June, the weakest in 10 months.

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