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• Friday, September 13th, 2013

us unemployment

Employment figures in the US increased in August as 169,000 new jobs were added to the economy.

The latest figures released by the Labor Department show that the unemployment rate is at the lowest level it’s been since 2008 and is now 7.3%.

Although 169,000 jobs were added to the economy, experts originally forecast more – forecasting a total of 180,000 jobs to be added during August. So the latest figures fall slightly short of what most experts were expecting.

Although there has been a decrease in unemployment, overall job growth throughout the US has remained quite stagnant. These latest figures show that the average number of jobs being added to the US economy every month is 160,000.

It’s thought that the increase in employment figures could actually be because more people have stopped looking for work. People are only classed as ‘unemployed’ if they are out of work but looking for employment. Some experts believe that the unemployment rate may have decreased because some people have stopped looking for work and therefore have not been included in the latest unemployment figures.

There are now 4.3 million people unemployed across the US and 37% of these are looking for full time work.


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