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US Economy Added 173,000 Jobs In August

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The US added 173,000 jobs in August, the Department of Labor said on Friday, in the last unemployment report before September’s interest rate decision by the Federal Reserve.

That was below the 217,000 predicted by analysts, although the Labor Department said that figures for August tend to be revised higher subsequently. The unemployment rate fell to 5.1% – down from the July figure of 5.3%.

The rate is the lowest since April 2008. Wall Street headed lower following the numbers.

European stock markets, which had been trading lower before the data was released, extended their losses, with the FTSE 100 in London closing down by 2.44% and indexes in Paris and Frankfurt dropping by 2.81% and 2.71% respectively.

There were upward revisions to the number of jobs created in the previous two months, which added another 44,000 jobs. The revised figure for July was 245,000 jobs. The weaker-than-expected August number could make Fed officials think twice about increasing rates when they meet on 16-17 September.

BBC

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1 Comment

1 Comment

  1. sheyi

    September 6, 2015 at 7:26 am

    That is a good news to citizens and residents of the United State

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JUST IN: ECOWAS Lifts Sanctions On Mali

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ECOWAS countries
ECOWAS Countries

ECOWAS Countries

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US President, Donald Trump, Wife Test Positive For Covid-19

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Donald Trump and Melania
Donald Trump and Melania

Donald Trump and wife, Melania Trump

President of the United States, Donald Trump, and his wife, Melania Trump have both tested positive for COVID-19.

The President took to his official Twitter handle on Friday to make this announcement.

Trump was last seen in public on Thursday afternoon, returning to the White House after a fundraising trip to New Jersey.

Also Read: What I Told Trump When He Accused Me Of Killing Christians – Buhari

On Thursday, he announced that his aide, Hope Hicks tested positive for the virus which has killed over 1 million people around the world.

He further revealed that he and the first lady had taken the test and waiting for the results before announcing the outcome on Friday.

 

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Mali: N’Daw, Coup Leader Goita Sworn In As President, VP

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President of Mali, N'Daw, coup leader, Goita
President of Mali, N'Daw, coup leader, Goita

President of Mali, N’Daw, coup leader, Goita

Retired Army Colonel, Bah N’Daw has been sworn in on Friday as the interim president of Mali and he is to head a transitional government following last month’s military coup in the country.

The swearing-in ceremony held in the country’s capital city of Bamako, where Colonel Assimi Goita, who led the military junta, was also sworn in as interim vice president.

This administration is to lead the government for a maximum of 18 months before organising national elections.

Also Read: Buhari Attends Virtual ECOWAS Extraordinary Summit Over Mali Crisis

It will be recalled that the country’s military executed a coup last month (August 18) which successfully removed the nation’s president, Ibrahim Boubacar Keita from office.

Former President of Nigeria, Goodluck Jonathan, attended the ceremony alongside other members of the ECOWAS mediation team.

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