US
April job numbers beat expectations
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The U.S. economy added a whopping 288,000 new jobs in April, beating
most economic forecasts for the month and supplying the Obama
administration with a welcome boost after other policy thrusts such
as the minimum wage bill foundered earlier this week.
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The U.S. Bureau of Labour Statistics announced on Friday that
concomitant with the rise in the non-farm payroll numbers, the
unemployment rate dropped by 0.4 percentage points to 6.3 per cent in
April, a five-year low.
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Economists were said to have been anticipating 210,000 new jobs
created and a 6.6 per cent unemployment rate.
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