BREAKING NEWS

US boasts healthy employment figures

Now Reading:

US boasts healthy employment figures

Text size Aa Aa

The US has announced a drop in unemployment from 5.5 percent to 5.4 the lowest jobless level since 2008. Nonfarm payrolls were up by 223,000 with the service sector particularly vibrant.

The pick up in economic momentum may well tempt the Federal Reserve to raise interest rates later this year.

As the number of those in work went up average earnings rose by just 0.1 percent month-on-month, putting to bed any inflation fears.