Friday 19 January 2018

Brendan Keenan: US jobless figures slow despite census staff cuts

Brendan Keenan

FEWER Americans were looking for work last month, and the unemployment rate fell from 9.7pc to 9.5pc, even though there were fewer jobs around.

Markets showed some positive reaction to the news, especially since much of the loss in employment was due to the US government cutting 225,000 temporary workers conducting the 2010 census.

Total numbers at work fell by 125,000, the labour department said, as an additional 83,000 jobs in the private sector compensated for the drop on the government payroll.

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