Published on 3 Jun 2016
The
US economy added just 38,000 jobs in May for the weakest growth since
2010. It gained 122,000 fewer jobs than expected ahead of a crucial
meeting of the Federal Reserve. The department of labor announced Friday
that the unemployment rate slipped down to 4.7%. A strike by 40,000
Verizon workers impacted the numbers. However, including them in the
count would still account for less than half of expected job growth. The
massively disappointing report is the last before the Fed’s next
two-day meeting on June 14 when the US central bank may raise interest
rates again. It is sure to add to speculation that a rate hike could be
delayed until July
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