• News
  • Markets

United States unemployment rate dips to 4.3 percent

The U.S. economy added 138,000 jobs last month, less than the 174,000 jobs gained in April and lower than expected.

The government's report suggested that eight years into the recovery from the Great Recession, job growth may be slowing after a long stretch of robust gains. This also suggests that the jobs market is fairly tight right now and that employers are not feeling pressure to increase either wages or the workweek significantly in order to prevent workers from leaving for greener pastures.

But dig deeper into the report and the picture gets uglier. It includes unemployed workers under the standard definition, plus everyone only marginally attached to the labor force (such as discouraged workers) and people who work part time but want full-time work. Over the year, average hourly earnings have risen by 2.5 percent, the same growth rate as in April.

Then there is the retail sector.

Last month's report initially showed job creation bouncing back in April, with the economy adding 211,000 jobs to nonfarm payrolls. Brick-and-mortar stores are struggling to compete with Amazon and other online retailers; in recent months, analysts have begun talking openly about the possibility of a "retail apocalypse".

But the report also showed some sectors were shedding positions, with the struggling retail sector employing 6,100 fewer workers and automakers losing 1,500, amid declining new vehicle sales.

OneLogin admits recent breach is pretty dang serious
The company says it's working with law enforcement and an independent third-party company to investigate the breach. OneLogin's blog post includes no other details, aside from a reference to the company's compliance page .

SEC tweaks graduate transfer rules, opening door for Zaire
The reason for the wait is to see what potential policies an NCAA transfer working group recommends on the issue. An approved rule change at SEC spring meetings could mean a Texas quarterback target is headed to Florida.

Three killed in shooting at vehicle dealership near Dallas
The two men walked into the dealership and announced that they were federal agents, according to Rick Ford, the dealership owner. But his record shows more violent charges, including assaulting a police officer and disarming a police officer.

"It's definitely becoming an increasing problem for businesses - finding qualified workers", said Stephen Stanley, chief economist at Amherst Pierpont Securities.

The figures from America's Labour Department dampened a stock market rally which had seen the FTSE 100 touch its latest record high in earlier trading.

The leisure and hospitality industry added 31,000 net new jobs in May, down from 58,000 the previous month.

The figures showed the USA trade gap in goods and services climbed by 5.2 percent to $47.6 billion (42.3 billion euros) in April month on month. "The economy is still growing but the job market has lost some momentum". It's too soon to worry, but not too soon to start paying attention.

The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 percent. "Good public policy can support new job opportunities in manufacturing, but Congress is no closer to boosting infrastructure investment, and a pro-jobs tax reform effort seems like a fading possibility". Many people who had stopped looking for jobs are coming off the sidelines to find them.

The survey of households from which the unemployment rate is derived also showed a drop in employment. The labor force - everyone who is either working or actively looking for work - shrank by more than 400,000 people, and there were actually 233,000 fewer people working in May than in April.

Leave Your Comment

Leave Your Comment


Latest News

  • Ousted FBI director to testify June 8

    After an open session in the morning, the committee will then be further briefed by Comey behind closed doors, said Sens. Comey's testimony is scheduled to begin at 10 a.m.

    Christy Clark to stay on as BC premier

    Under the terms of the deal the Greens promise not to defeat the New Democrats for the full four-year term of the new parliament. The parties have agreed to use the entire machinery of government to throw roadblocks at the Kinder Morgan pipeline expansion.
    NBA Finals Set To Tip Off Next Thursday, June 1

    NBA Finals Set To Tip Off Next Thursday, June 1

    James scored 15 and Irving 13 in the quarter, with James hitting three bombs in the final 2:41. The Cavs will return to the NBA Finals to face the Warriors with a win on Thursday.
  • Actress Gal Gadot discovers Wonder Woman's power in costume

    Actress Gal Gadot discovers Wonder Woman's power in costume

    Fighting alongside man in a war to end all wars, Diana will discover her full powers... and her true destiny. By embracing her womanhood, Wonder Woman helps us women embrace themselves as well.
    White House communications director resigns amid tensions

    White House communications director resigns amid tensions

    Spicer discussed ongoing possible connections to Jared Kushner and Russians, the president's global trip, and other topics. Just back from his nine-day trip to the Middle East and Europe, Trump dismissed recent reports as " fake news ".
    Is Donald Trump Uncertain?

    Is Donald Trump Uncertain?

    Two of those six leaders are members of the "Five Eyes" intelligence-sharing agreement with the United States. At Sigonella, Mr Trump said his appeals to North Atlantic Treaty Organisation allies to pay more was working.
  • LeBron James overtakes Michael Jordan as NBA's greatest playoff point-scorer

    While the Warriors own the record for greatest regular season record of all time , they can take home a postseason record as well. I'm a player. "So now, with the way the Finals went down previous year , if I were in his shoes, I would want the same thing".
    Schapelle Corby arrives in Australia after last-minute flight change to avoid media

    Schapelle Corby arrives in Australia after last-minute flight change to avoid media

    Now a free woman, the 39-year-old who once described the media as exploitative began posting images on Instagram on Saturday. She bid farewell to Bali with a photo of her dogs Luna and May, posted from her Kuta home in the hours before she left.
    Phoenix police: Comicon suspect threatened police, performer

    Phoenix police: Comicon suspect threatened police, performer

    Police say Sterling was armed with a shotgun, three handguns and knives, as well as ammunition and "other handheld weapons". According to police, 31-year-old Mathew Sterling made threats to harm a performer at the event.
  • Gov. Scott, legislative leaders to make announcement

    Gov. Scott, legislative leaders to make announcement

    But Scott didn't include marijuana in his call for the Legislature to come back to town. This would amount to an additional $215 million for those in K-12 programs.

    Israelis Elated, Palestinians Disappointed by Trump Visit

    Donald Trump's trip to Israel passed by in a flash - after all, the president only stopped in the Jewish state for two days. Trump appointed his bankruptcy lawyer, David Friedman, also a political neophyte, as his ambassador to Israel.
    N. Korea says ballistic missile test successful

    N. Korea says ballistic missile test successful

    The U.S.is conducting a missile defense test today after North Korea fired off yet another threatening missile Monday. May 26: Moon's government says it will allow a South Korean civic group to contact North Korea to help fight malaria.
  • Class 10: wide gap in performance of English and Guj-medium

    Students those have appeared for this HSC or 12 class examination can check their results from the official web portal. The GSEB SSC result 2017 is scheduled to be announced on 29th May, the Board had said through a press note .
    The police officer shot dead Queensland road

    The police officer shot dead Queensland road

    Now the man, who allegedly shot dead Senior Constable Forte on Monday afternoon, is dead after taking several shots to the chest. With the gunman still on the run, an emergency situation has been declared under the Public Safety Preservation Act at 3.40pm.
    Rouhani says hopeful Europe won't follow Trump's lead on Iran

    Rouhani says hopeful Europe won't follow Trump's lead on Iran

    Moments before Mr Trump arrived in Tel Aviv and hailed Israel a "friend and ally" during the second leg of his first foreign tour, Iran hit back.
  • Trump White House Reportedly Proceeding To Reverse Obama-Era Punishment of Russian Federation

    Hammond, senior communications adviser for the State Department, told the newspaper in a statement that "The U.S. and Russian Federation have reached no agreements".

    Dixon emerges unhurt from Indy 500 crash

    Dixon and Jay Howard collided on lap 55 of the Indy 500 after the latter collided with the wall and then spiralled out of control. I think when we make those decisions of which way to go you're hoping that the auto (Howard) is going to stay against the wall".
    Ford's new CEO promises a fit - but fun - company

    Ford's new CEO promises a fit - but fun - company

    Ford earned more than $25 billion in profits in the past four years, helped largely by the surging US auto and truck market. Ford said a year ago it plans to spend about $5.5 billion on research and development on electric and self-driving cars .

Breaking News



Recommended

All-Star promise: Subban says Preds will win Game 3 vs. Pens

He worked the "starter's net" at practice, and the Predators spoke with the assumption that he'd be back in against the Penguins. We would play until the sun went down and then we played in the house hallway until Mom or Dad said we had to go to bed.

Bounty Hunters, Fugitive Killed in Shootout

Wes Bearden, legal counsel for TALI, said late Wednesday it was his understanding that Garcia was a licensed private investigator. Police said that about 20 shots were fired in about six seconds, despite innocent employees as well as children being nearby.

China will stick to Paris climate deal

The simple reason is America would join just two other countries in refusing to back the Paris agreement , Nicaragua and Syria. Donald Trump listens to the prime minister of Belgium during a North Atlantic Treaty Organisation summit in Brussels.

China makes concessions to Germany on electric car quotas

Mr Trump is expected to announce his decision on Thursday afternoon U.S. time (8pm BST). Everyone cautioned that no decision was final until Trump announced it.

Philippines Soldiers Killed In 'Friendly Fire' Air Strike In Marawi

The minister raised the possibility of limiting airstrikes if government troops converge within cities controlled by militants. Eduardo Ano. "We're merely working closely with civil organization whose objective is to save more lives", he said.

Lewis Hamilton: Mercedes must solve tyre problem quickly to challenge Vettel

The next race is the Canadian GP in two weeks' time, and all eyes will be on Mercedes in practice and qualifying. What is apparently clear is that Ferrari has definitely moved ahead of Mercedes in the pecking order.

Del Potro wins 1st match at French Open since 2012

If you're injured, for instance, well, you're injured. "Then he was running around like a rabbit in the fifth set", Lokoli said. Serving aces. "I thought it would be tough". "It was obviously a pretty entertaining match".

Russian President Vladimir Putin warns West to 'stop intimidating North Korea'

The missile reached an altitude of 2,000 kilometers (1,245 miles), a first for a North Korean missile. But he added: "We must stop intimidating North Korea and find a peaceful solution to this problem".

Crews get air support as they battle Los Angeles brush fires

Some 115 firefighters were on the scene within 70 minutes and about 160 were there by 3:30 p.m., Stewart said . The canyon was shut down at Sunset Boulevard to accommodate firefighting operations, LAFD officials said.

Last 3 years have transformed people's lives: PM Modi

Had Atalji won the elections in 2004 again, the bridge would have been completed ten years back, ” Modi said. He said the work for three more bridges over the Brahmaputra river would be started soon.