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unemployment rate

US employment increased in April for the seventh month in a row, that’s according to the official figures .On the other hand the overall unemployment rate has also raised. US Labor Department claims that the number of newer jobs created in April increased by 244,000, more than predicted. However, the unemployment rate increased too, to 9%, from 8.8%

The US Federal Reserve has cut its fiscal growth prediction for this year, citing weaker growth than expected in the first three months of the year. Chairman Ben Bernanke said he expected growth for 2011 to be between 3.1% and 3.3%, compared with the previous forecast of 3.4% to 3.9%. He also said that the fed would not pump more money into the economy after June. However he pledged the government to tackle the country’s extremely grim debt problems.

Posted by Dospel & GanjaParker