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| Unemployment |
Job creation has slowed sharply in the United States in October, but this did not prevent the unemployment rate to fall slightly, according to official figures released Friday in Washington. The U.S. economy created more jobs than it destroys for the thirteenth consecutive month and the net hiring amounted to 80 000 positions. This is less than expected - economists had forecast 95,000 new jobs. Least as much that in September, where 156,000 people had been able to find an employer.
In October, the private sector that has most engaged with 104,000 new jobs. However, the public sector, it destroyed 24,000 jobs, as the strategic sector of the building and public works, he has lost 10,000 jobs, a third of those who were created in September. Unemployment is falling but is expected to RISING However, there was a slight decrease in unemployment in the United States. The rate decline from 9.1% to 9%, the lowest observed for six months, ie 14 million people.
This contradiction - fewer jobs and less unemployment, however - due to the calculation methods used by U.S. agencies. The unemployment rate is calculated from data provided by households and the number of jobs created is itself calculated from data supplied by companies. So a fall in unemployment in sham, that should not obscure the relative weakness of U.S. growth. The U.S. central bank (FED) Wednesday outlined its expectations: job creation will slow and unemployment rise again in the coming months. As for wages, they edged up 1.8% year on year. Problem, it is still well below inflation, which itself was up 3.6%. At the announcement of these figures contrast, Wall Street opened down.
In October, the private sector that has most engaged with 104,000 new jobs. However, the public sector, it destroyed 24,000 jobs, as the strategic sector of the building and public works, he has lost 10,000 jobs, a third of those who were created in September. Unemployment is falling but is expected to RISING However, there was a slight decrease in unemployment in the United States. The rate decline from 9.1% to 9%, the lowest observed for six months, ie 14 million people.
This contradiction - fewer jobs and less unemployment, however - due to the calculation methods used by U.S. agencies. The unemployment rate is calculated from data provided by households and the number of jobs created is itself calculated from data supplied by companies. So a fall in unemployment in sham, that should not obscure the relative weakness of U.S. growth. The U.S. central bank (FED) Wednesday outlined its expectations: job creation will slow and unemployment rise again in the coming months. As for wages, they edged up 1.8% year on year. Problem, it is still well below inflation, which itself was up 3.6%. At the announcement of these figures contrast, Wall Street opened down.
News by Lemonde
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