US new-job figures weak
- Published: 6 Sep 2013 at 20.27
- Online news:
WASHINGTON - Employment in the United States climbed less than projected in August, indicating companies are being deliberate in their hiring as they wait for a pickup in demand.
The unemployment rate unexpectedly fell as more people left the labour force, according to Labor Department figures released on Friday.
The gain of 169,000 workers last month followed a revised 104,000 rise in July that was smaller than initially estimated. The median forecast of 96 economists surveyed by Bloomberg called for an August increase of 180,000. Unemployment dropped to 7.3%, the lowest since December 2008.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.