Reply #16: US jobs growth at five-month high [View All]

[Judi Lynn]

Last Updated: Friday, 5 August 2005, 15:03 GMT 16:03 UK


US jobs growth at five-month high

Despite the growth in jobs, US factories are shedding workers
The US economy created 207,000 new jobs in July, the biggest gain in five months, according to official figures.
At the same time, US unemployment remained steady at 5% for the second month in a row, continuing at a four-year low.

New positions were created in retailing, education, health services, finance and construction, the US Labor Department said.

By contrast, factories shed jobs for the second straight month.
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Similarly, the length of time people remain unemployed is at a level last seen in the early 1990s.
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http://news.bbc.co.uk/1/hi/business/4749347.stm