File - Job seekers fill out application forms before a screening session for seasonal jobs at Coney Island in the Brooklyn borough of New York in this March 4, 2014. REUTERS/Shannon Stapleton
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.June and July data were revised to show 28,000 fewer jobs created than previously reported. In addition, manufacturing saw no job growth and retail payrolls declined for the first time since February.The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, fell to 62.8 percent in August from 62.9 percent in July.But the other metrics on Yellen's so-called dashboard showed improvement in August.A broad measure of joblessness that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment fell to 12.0 percent, the lowest level since October 2009, from 12.2 percent in July.The private sector accounted for the bulk of the increase in payrolls in August, advancing 134,000 after rising 213,000 in July.
FOLLOW THIS ARTICLE