Friday, January 8, 2016, Poush 25, 1422 BS, Rabiul Awal 26, 1437 Hijri


US economy adds 292,000 jobs in December
Observer Online Desk
Published :Friday, 8 January, 2016,  Time : 8:21 PM  View Count : 5
US jobs growth remained solid in December as the economy added 292,000 jobs, beating expectations.

The data, from the Bureau of Labor Statistics, also showed the jobless rate held at its seven-and-a-half year low of 5%.

Professional and business services, construction, health care, and food services all saw job increases.

The FTSE 100 jumped after the data release, trading around 0.75% higher than the previous day's closing value.

As well as the strong December jobs figures, US employment figures for October and November were revised up sharply to show 50,000 more jobs created than previously reported.

The robust figures come after the first US interest rate rise in nearly 10 years in December.

The Federal Reserve raised overnight interest rates last month by a quarter of a percent to between 0.25% and 0.50%.

BBC/LY







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