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US employment figures on the up for the 12 th month in a row


US employment figures on the up for the 12 th month in a row

US employment figures are on the up with the number of those out of work falling.

The upward trend continues it is now the 12 th straight month that the US has posted improved employment figures of over 200,000.

The numbers could very well prompt the Federal Reserve to consider raising interest rate in June.

February figures show 295.000 more people are in work with the unemployment rate now running at 5.5 percent.

The economy has added more than one million jobs between November and January, the strongest three-month stretch since 1997.

Earnings are also on the rise,
Wal-Mart, the world’s largest retailer, announced last month it would spend more than $1bn this year to increase pay for about 40 percent of its U.S. workforce.

Fed officials are monitoring pay closely to help determine when
to introduce higher borrowing costs to prevent the economy from over heating.

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