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."
- 1 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how Twitter reacted
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Gabrielle Union contacts FBI over nude 4Chan pictures leaked by 'vultures'
Jennifer Lawrence 'naked sex video' will be leaked next, threatens 4Chan celebrity photo hacker
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...