Finance Tart

The Labor Department has revealed the world’s largest economy lost 131,000 jobs last month – again, partly due to the loss of temporary Government jobs, which were recruited to help conduct the 2010 census. The latest figures means the unemployment rate held steady at 9.5% in July – for the second consecutive month and beating [...]

The Labor Department today revealed the world’s largest economy added 431,000 jobs last month – the majority of them temporary Government jobs to help conduct the 2010 census.
However, the figure fell far short of the 515,000 expected by analysts and follows an unrevised 290,000 increase in April.
As a result, the unemployment rate has fallen to [...]