job growth: More people began looking for jobs, increasing the proportion of Americans working or looking for work to the highest level in nearly a year, according to The Japan Times. The strong job growth, decent pay gains and low unemployment rate make it all but certain that the Federal Reserve will raise short-term interest rates when it meets next week. The unemployment rate dipped to a low 4.7 percent from 4.8 percent, the Labor Department reported Friday. February's job gains were boosted by 58,000 additional construction positions, the most in nearly a decade. Friday's report was the first to cover a full month under President Donald Trump. That figure was likely enhanced by unseasonably warm weather in much of the nation.
(news.financializer.com). As
reported in the news.
Tagged under job growth, job gains topics.