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Modest US jobs growth, more Americans looking for work – economy

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2 years ago

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US employers stepped up hiring in May in a sign the world’s largest economy is growing though…

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http://www.euronews.com/2013/06/07/modest-us-jobs-growth-more-americans-looking-for-work
US employers stepped up hiring in May in a sign the world’s largest economy is growing though modestly.

A total of 175,000 jobs were added last month, and that was despite higher taxes, government spending cuts and a weak global economy.

However, after a winter in which the US economy seemed to be turning a corner, May was the third straight month that payrolls outside the farm sector increased by less than 200,000.

The unemployment rate actually rose from 7.5 to 7.6 percent of the workforce, but economists said that was a relatively hopeful sign as the increase came from more people looking for work.

The share of the population in the labour force – which includes people who are either employed or looking for work – rose to 63.4 percent,driven by 420,000 workers entering the work force. That is good news because some of the recent drop in the jobless rate has been due to workers leaving the labour force, either because they retired, went back to school or gave up looking for a job.

Still the growth was not as strong as the Federal Reserve would like to see and not yet enough for the central bank to scale back the amount of cash it is pumping into the economy.

Fed Chairman Ben Bernanke’s current policy is to buy bonds in order to lower long term interest rates with the specific aim of boosting employment.

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“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

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July 17, 2026

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“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

Routine border checks between Spain and Gibraltar have ended, allowing thousands of daily commuters to cross more easily. While many welcome shorter journeys and greater freedom, others remain cautious about the long-term impact.

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

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July 17, 2026

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

Cyprus says the EU’s appointment of Raffaele Fitto as special representative for the divided Mediterranean territory will support reunification efforts, but Turkish Cypriot leadership has blasted the move as biased and putting strain on efforts to improve EU-Turkey relations.

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Latest news bulletin | July 6th, 2026 – Morning

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2 hours ago

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July 17, 2026

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Latest news bulletin | July 6th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 6th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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‘Food insecurity is on the increase’, World Food Programme Director says

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3 hours ago

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July 17, 2026

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‘Food insecurity is on the increase’, World Food Programme Director says

Conflict in Lebanon has “hit humanitarian operations” worldwide, says WFP Executive Director Carl Skau. “In the poorest countries, people are now eating less” as rising costs have reduced aid deliveries and disrupted supply chains.

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Ukraine opens new cluster of negotiations on EU membership track

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4 hours ago

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July 16, 2026

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The European Union and Ukraine on Tuesday opened a new cluster of negotiations, as part of the process for the country to join the Union.

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