The US unemployment rate fell to a new two-year low in March to 8.8% which was 8.9% in February and this happened fourth time in a row monthly.The unemployment rate has fallen by just a point in percentage figures during the last four months which is not good for the common people but on the other hand a report by the US Department of Labor said that the employers created 216,000 jobs in March which is much more higher than the market expectations.The Institute for Supply Management (ISM) said that the index of national factory activity dipped to 61.2 last month which was 61.4 in February and this rate is the highest one since May 2004.
The economic news said that the good thing for today is , US and European stock markets were boosted London, Paris and Frankfurt all went well with gains of more than 1.5% before getting closed while the Dow was up 1% in evening.
The new jobs offset in the private sector increases the job losses in the public sector which mainly results from the cuts made by the local government. The main cause of this according to the analysts is the possible impact of rise in the oil, energy prices and other commodities like food etc. In the start of this week the US Department of Commerce unexpectedly cut its estimate of last 3 months growth to an annualized rate of 2.8% which was 3.2% in the previous 3 months.
US government is also taking some measures to control this rise in the employment rate but it looks like that they are going to be failed as the present economic crisis surrounds the whole world. This is an alarming signal to the other
The new jobs offset in the private sector increases the job losses in the public sector which mainly results from the cuts made by the local government. The main cause of this according to the analysts is the possible impact of rise in the oil, energy prices and other commodities like food etc. In the start of this week the US Department of Commerce unexpectedly cut its estimate of last 3 months growth to an annualized rate of 2.8% which was 3.2% in the previous 3 months.
US government is also taking some measures to control this rise in the employment rate but it looks like that they are going to be failed as the present economic crisis surrounds the whole world. This is an alarming signal to the other
countries as well that the conditions are going to be worst in the near future so make some appropriate measures to control all these happenings. Analysts are also saying that if all this go in the same manner then it will be very difficult for the poor people to survive under these circumstances.
