U.S. Employment Market Shows Better Signs

According to the latest statistics from the Labor Department jobless rate drops to lowest level in almost three years .

Base on the published stats , U.S employers added around 243000 jobs in last month which is 93000 more than the expetced number 150000 .

“It’s a strong number, a very strong number, I would say,” said Vassili Serebriakov, a currency strategist at Wells Fargo Bank. “It’s consistent with the broad improvement in the U.S. economic data, but I think the extent of strength in today’s report is somewhat of a surprise, and this is a good sign for the U.S. employment market and the U.S. economy.”

The unemloyment rate in United States dropped to 8.3 percent in January . The rate was 8.5 in December 2011 . This number is the lowest rate in U.S in the recent 3 years .

The decline in the jobless rate reflected large gains in employment in the separate household survey from which the jobless rate is derived. Fewer people left the labor force, and job gains were widespread, with even the transportation and warehousing sector increasing payrolls.

 


He is a student of Economics , pursuing the same from Delhi University . Apart from Writing , He is quite passionate about Photography as well . His other hobbies include playing cricket and listening to music . Currently He resides in Delhi . He was invited to join Kabir News agency in 2012 after opening the official website . Phone number: +9999936738 , Email address: Saurabh (at) KabirNews.com

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