Wednesday, July 17, 2013

Some good news!

I was reading the BBC news reports and it seems US economy is recovering fast...Below are some indicators!

January 2013
US unemployment rate holds steady in December at 7.8%

March 2013
The US economy added a further 155,000 jobs in December 2012, while the unemployment rate held steady at 7.8%, official figures show.

The jobs came mainly in the healthcare, manufacturing, construction and food services sectors, the Labor Department said.

April 2013
US economy adds just 88,000 jobs in March

The BBC's Michelle Fleury in New York says there are "plenty of reasons to be concerned"Continue reading the main story
US Economy

  • US inflation rises to 1.8% in June
  • US budget surplus highest in 5 years
  • Fed minutes hint QE will continue
  • US retail sales growth slows in June

The US economy added just 88,000 jobs in March, the lowest increase for nine months, official data has shown.

The number was much weaker than the rise of approximately 200,000 predicted by economists, and will inevitably raise new concerns about the strength of the US economic recovery.
At the same time, the US jobless rate declined to 7.6% from 7.7% in February.

A drop in retail employment was a major factor behind the disappointing rise in overall job creation.

The data from the Labor Department showed that the retail sector lost 24,000 jobs in March.

At the same time, 12,000 jobs were lost in the US Postal Service, which has been making staff redundant as it aims to cut losses.

Other sectors of the economy performed much better, with 51,000 extra professional and business services jobs being created, and 23,000 new healthcare positions.

The total number of unemployed in the US in March was 11.7 million.

For adult men, the unemployment rate was 6.9%, and 7% for women.

For teenagers of both sexes, the rate was 24.2%, almost one in four people. 
The US economy needs to add about 90,000 jobs each month just to keep up with population growth.
In recent weeks, figures have shown that US factory orders are rising strongly, and the housing market is still gaining in strength.

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