US Unemployment Falls, but Growth Lags

U.S. companies hired fewer workers than expected last month, and there also were fewer jobs added in May and June. Still, the US Labor Department says the economy added enough jobs in July to lower the unemployment rate to 7.4 percent – the lowest in 4 and a half years. But analysts say the mixed jobs report suggests a worrisome trend for U.S. workers.

The U.S. economy added 162-thousand jobs in July – a number consistent with slow but steady job growth. Despite a decline in unemployment of …

Powered by WPeMatico

This entry was posted in Business. Bookmark the permalink.

Comments are closed.