United States unemployment falls to 10-year low

Debra Rodriguez | 12 May, 2017, 01:28

The Bureau of Labor Statistic releases jobs figures for each month on the first Friday of the month that follows.

Employers added 3,200 jobs last month, short of economists' forecasts for a gain of 10,000.

In the new jobs report that came out Friday morning, some of the biggest gains came in leisure and hospitality, health care and social assistance, financial activities, and mining.

In the week ending April 29, initial claims for unemployment insurance fell 19,000 to 238,000.

With the labor market expected to hit a level consistent with full employment this year, payroll gains could slow amid growing anecdotal evidence that firms are struggling to find qualified workers.

Perhaps even more interesting, racial disparities continue to thrive, even with the-albeit slowly-falling unemployment rate.

The report said the USA added 211,000 nonfarm jobs in March, while the unemployment rate improved by one-tenth of a point from March to 4.4 percent - its best mark since May 2007. "The Fed will respond accordingly".

She said the better-than-expected jobs report makes it likely that the Federal Reserve will initiate its next rate increase at its June policy meeting.

Trump fires FBI Director James Comey
He said he was " mildly nauseous " at the thought of having swayed the election but also said he would do the same again. Sessions advised Trump's campaign before being picked by the president to lead the Justice Department.

The rate reduction was fostered by an 211,000 increase in nonfarm payrolls.

Following lower job growth in March, federal economists also reported that the US economy expanded at its slowest pace in three years in the first quarter, a figure attributed to persistent measurement issues.

Economists surveyed by CNNMoney predict the USA economy added 190,000 jobs in April, which would be far better than the 98,000 jobs added in March. However, hourly wages expanded by 0.7 per cent in April, the slowest year-over-year growth since it started collecting that data in January 1997.

It's the third jobs report since President Donald Trump took office.

The jobless rate for veterans who have served in the armed forces anytime since September 2001 dropped to 3.9 percent from 5 percent in March.

Several economists say April was a disappointing month for job growth in Canada.

Fed policymakers held its key interest rate steady this week but signaled that they remained on pace for two more small hikes this year, a vote of confidence for stronger economic growth.

Middlesbrough captain Ben Gibson: We deserve to go down. Everyone's responsible

11 May 2017

McFarling Journal 4/26/17: Earnhardt, Hendrick on where NASCAR goes from here
The announcement of Dale Earnhardt Jr .'s retirement following the 2017 season sent shock waves through the NASCAR community. Dale Jr., who will turn 43 in October, made his first career Cup Series start on May 30, 1999, at Charlotte Motor Speedway.

Justice Dept. Won't Bring Charges in Alton Sterling Death
Louisiana prosecutors have vowed to launch their own investigation to determine whether state charges are applicable. As Sterling lies fatally wounded, the other officer removes something from Sterling's right pocket.

10 May 2017

French Presidential Hopeful Macron Has 2 Candidates for Prime Minister's Office
Over the weekend, Ms Le Pen was endorsed by Nicolas Dupont-Aignan, a conservative candidate who lost in the first round of voting. She has also intensified her campaign to convince working-class left-wingers to rally to her cause, or at least abstain.
Buffett cuts stake in IBM and shares slide
Berkshire said its insurance businesses swung to a $267 million underwriting loss from a year-earlier profit of $213 million. Buffett is the celebrity that everyone wants to get close to at the meeting.

09 May 2017

Sinclair Broadcast Group acquires Tribune Media
Sinclair Broadcast Group announced Monday that it will acquire Tribune Media in a deal valued at $3.9 billion. Sinclair Broadcast Group , one of the nation's largest local TV station operators, wants to get even bigger.

09 May 2017

Funeral will be held Monday for deputy killed in jail escape
Correa-Carmenaty was sentenced Monday to 45 years in prison for his role in a botched robbery in March 2016. Morgan was rushed to the hospital following the incident and expected to make a full recovery.
Gianluigi Buffon determined to lift Champions League title
This time, it could be Juve's year, especially after it eased past the Catalan team 3-0 on aggregate in the quarterfinals. Check out the remarkable feat of defending in the video embedded below.

Trump moves to get more conservatives on federal bench
Of course, some critics of the Gorsuch nomination insisted that part of the problem was how the judge came to Trump's attention. The White House did not immediately make available the full list of judges Trump picked to serve on federal courts.

Matt Harvey apologizes to Mets, explains why he didn't show up Saturday
Harvey posted a 4-10 mark with a 4.86 ERA in 14 starts last season before undergoing surgery to fix thoracic outlet syndrome. He was good again in 2015 but it's been a real struggle since helping to carry the Mets to the 2015 World Series.
'American Idol' to make comeback on ABC TV in 2018
A return for " Idol " had been rumored for months, and Fremantle reportedly entertained offers from NBC and Fox. I had no idea that it was being talked about to come here until late last week. "I say "yes" and bow to you".

10 May 2017

Arsene Wenger Cool On Potential Appointment
Arsene Wenger claims he would "love" to keep Lucas Perez at Arsenal this summer - provided he is still in charge of the club. His team plays away at Southampton on Wednesday needing a win to stay in contention for a top-four finish.

Saudi Arabia hopes to extend oil cuts to end-2017 or longer
Now, Saudi Arabia's oil minister has said that they're trying to extend the cut even further, perhaps even moving into 2018. The EIA forecast that USA oil demand for 2017 will grow 290,000 bpd, up from its previous forecast for 250,000 bpd growth.

Middlesbrough captain Ben Gibson: We deserve to go down. Everyone's responsible The Baggies are aiming to deny Chelsea the victory which would see Antonio Conte's side win the Premier League on Friday. The Blues endured a nightmare start to their championship defence last term, losing nine of their first 16 games.

National monuments: Stand up for them It directs the Department of Interior to examine all lands designated as national monuments since 1996. Bears Ears National Monument in Utah is also on the list.

Trump preparing certified letter attesting to no Russia ties Yates called McGahn first thing that morning to tell him she had "a very sensitive matter" that had to be discussed face to face. Ask Sally Yates, under oath, if she knows how classified information got into the newspapers soon after she explained it to W.H.

Aamir Khan's Dangal becomes the highest-grossing Indian movie in China With this, the movie is on its way to becoming Bollywood's highest-earning film in China. "Dangal" has broken Aamir's "PK" record of minting Rs 100 crore in China.

Stars Wars fans say, 'May the 4th be with you' Anyway, combining Star Wars with Lego, still the GREATEST TOY EVER, is bound to get people excited. But still a welcome addition to Star Wars Day .

Ainge's leadership in spotlight as Celtics chase 18th title With all these players together Monday night, fans wanted them to discuss Allen and why they were upset. Pierce continued by saying "now it's uncomfortable" and that he hasn't talked to Allen in years.

President Trump Fired FBI Director James Comey, but now Democrats are Upset Eric Swalwell (D-Calif.) said "Trump's decision to fire Comey ...should send a chill down the spine of every American". But the president did assert that Comey informed him "on three separate occasions that I am not under investigation".

Silva, De Bruyne orchestrate City's 5-0 win over Palace Speaking to DH in his home country , he said: "My year has been frustrating, but, at the same time, I've continued to progress and learn".

Inspired Alves leads Juventus into Champions League final The German midfielder is likely to be straight back into the starting lineup, with Claudio Marchisio expected to make way for him. Juventus are heading for their sixth successive Serie A title and produced an utterly clinical display in the first leg.

Texas stokes immigration debate with 'sanctuary cities' ban She said before Abbott signed it that she would conform to the ban if it became law. His administration is trying to cut off federal funding for sanctuary cities.

Hertz reports 1Q loss Hertz said net vehicle depreciation per auto rose 15 percent in the first quarter. 2,322,237 shares of the company traded hands. The Company's services consist of its automotive and mobile navigation platform and its advertising delivery platform.

Erdogan slams treatment of Palestinians; Israel issues angry response President Recep Tayyip Erdogan accused Israel of "massacres" against the Palestinians and chided the global community for its silence.

Oil prices edge up in anticipation of extended crude output cut OPEC's efforts to tighten the market and prop up prices have been undermined by a relentless rise in US production, especially from shale oil drillers.

Rise in rents across Limerick creating an 'unsustainable situation' It was one of counties with the fastest rising rents, just behind Louth which saw an increase of 18.3 per cent in the past year. This huge discrepancy puts a huge financial strain on low income families who are in rented accommodation.

U.S. plans to directly arm Syria Kuds against Islamic State The announcement comes one week before Turkish President Recep Tayyip Erdogan is scheduled to visit Washington and meet Trump. An Erdogan adviser, Ibrahim Kalin, met on Tuesday with Thomas Shannon, the State Department No. 2 official.

United States unemployment falls to 10-year low

Recommended