AS per the latest media reports,
the hiring has picked up stronger-than-expected in the US Economy. Last
week, the Obama Administration reported that 1.63 lakh jobs were created
in the month of July. This was a significant improvement from 75000 jobs
created between April to June.
However,
this increase in the job creation has not impacted to bring down the unemployment
rate from 8.3%. Latest data has shown that the economy rose by only 1.5%
in Q2, far behind the 2.5% rate required to keep the unemployment rate
stable.
|
