US jobless rate hits two-year low
Saturday 02 April 2011
The US economy added 216,000 jobs last month, with the gains driving the country's unemployment rate to a two-year low of 8.8 per cent, according to official figures released yesterday.
The Labour Department report showed the largest increase in non-farm payrolls since May, boding well for recovery in the world's largest economy.
Figures for January and February were also revised upwards to show some 7,000 more jobs than previously reported.
Encouragingly for policymakers, the private sector drove the rise, contributing 230,000 new positions last month. Government employment, on the other hand, fell by 14,000 to record its fifth consecutive month of decline.
Though positive, economists warned that the recovery continued to face risks. "The numbers are obviously good and one can hope that we will continue to see the market rise in continuing months," Bernard Baumohl, chief economist at the Princeton-based Economic Outlook Group, said.
"That said, there's a nagging concern that the job outlook may be in jeopardy as energy prices keep escalating."
- 3 The enemy within: People who hear voices in their heads are being encouraged to talk back
- 4 Phil Neville backtracks on Tomas Rosicky 'I'd smash him' comments from Match of the Day 2
- 5 British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Asteroid narrowly scrapes past Earth: how to watch the closest space rock for decades as it flies by
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Prince Philip set to be knighted by Australia: Celebrate by reading his greatest gaffes
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...