US economy creates fewer jobs than forecast

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof John Dunne Friday 7 January 2011 8:56 am Share Tags: NULLcenter_img whatsapp US economy creates fewer jobs than forecast by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp The US economy created far fewer jobs than expected in December, but the unemployment rate dropped to its lowest in more than 1-1/2 years.Non-farm payrolls increased 103,000, the Labour Department said, below economists’ expectations for 175,000. Private hiring rose 113,000, while government employment fell 10,000.However, overall employment for October and November was revised to show 70,000 more job gains than previously reported. The unemployment rate fell to 9.4 per cent, the lowest since May 2009, from 9.8 per cent in November.Economists raised their employment forecasts after payrolls processing company ADP Employer Services said on Wednesday private employers added 297,000 in December – the largest gain on ADP records dating to 2000.“The labour market improvement is still way slower than what everybody would hope for,” said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.Federal Reserve officials will take into account the jobs report when they meet on January 25-26. Signs of strength in the economic recovery had led to calls for the U.S. central bank to scale back its widely criticized $600bn (£387bn) government bond-purchasing program aimed at keeping interest rates low to boost demand. last_img

Leave a Reply

Your email address will not be published. Required fields are marked *