Home > Despite Slow Jobs Growth, Unemployment Now Lowest In Nearly Ten Years

Despite Slow Jobs Growth, Unemployment Now Lowest In Nearly Ten Years


The number of jobs aren't increasing much, but unemployment is still falling. According to CBS News, the Labor Department reports employers pumped the brakes on hiring in March. Just 98,000 jobs were added--but still, the unemployment rate fell to 4.5 percent--the lowest in nearly a decade. Unseasonably warm weather in February is credited with creating new jobs in construction--but they froze up and blew away in March, when cold weather arrived once more. The retail sector also took a drubbing. It's been losing about 30,000 jobs a month for the past two months--the worst since 2009.

Added on the 07/04/2017 18:56:59 - Copyright : Wochit

To customise your video :

Or Create an account

More videos on the subject

  • US Unemployment Is Historically Low While Wage Growth Remains Sluggish

    According to Business Insider, Unemployment in the US is historically low, but wage growth is sluggish — and no one seems to know exactly why. Low productivity growth is the primary factor, but economists are puzzled as to how exactly the two are connected. Business Insiders CEO, Henry Blodget says, one of the reasons is because “company owners are choosing to maximize short-term profit by paying their employees as little as possible. It's time for a more balanced approach.” Experts say raising wages for lower-end jobs could accelerate growth.

    11/09/2018 - Wochit
  • Trump Meets with Chinese President

    Preview: Brain Hacking Preview: Japan's Babe Ruth Preview: Chief of Chobani Behind the scenes of the U.S. Navy's Syria strike Russia reacts to U.S. missile launch against ally Syria After attack, what's next for Trump's Syria policy? After contentious fight and "going nuclear," Senate confirms Gorsuch for Supreme Court Low jobs growth, but unemployment rate falls to lowest level in nearly a decade Two years after huge act of kindness, man shows it can be a calling Impact of U.S.

    08/04/2017 - Wochit
  • Attacks on Trump continue in GOP debate, Unemployment lowest since 2008

    Cruz and Rubio team up against Trump in Thursdayâs Republican debate, a report finds the economy added 242,000 jobs in February, and House of Cards returns with season 4. Check out these top headlines on Whatâs Happening Today!

    07/03/2016 - Tasty Productions
  • U.S. Had Great May For Jobs

    WASHINGTON (Reuters) - U.S. job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labor market before an escalation in trade tensions that analysts have cautioned could pressure an already slowing economy. FILE PHOTO: Brochures are displayed for job seekers at the Construction Careers Now! hiring event in Denver, Colorado U.S. August 2, 2017.

    07/06/2019 - Wochit
  • Unemployment Claims Hit Lowest Since 1969

    Initial jobless claims fell to their lowest level in 50 years last week. The number of Americans who applied for unemployment benefits dropped by 8,000 to 196,000 in the week that ended April 6. Thursday's results offer the latest sign that the labor market hasn't run out of steam against a backdrop of slowing economic growth. The number of Americans applying for unemployment benefits fell more than expected last week, hitting the lowest level in nearly 50 years.

    11/04/2019 - Wochit

More videosBusiness

Watch video of Wall Street Stocks Open Higher Following Senate Passage Of A Massive Stimulus Bill As The Government Reports An Unprecedented Surge In US Jobless Claims. IMAGES - US stocks open up as jobless claims soar, stimulus advances - Label : AFPTV - First images -

US stocks open up as jobless claims soar,...

26/03/2020 18:58:43