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Increased wages and job growth in the United States
24/7/2018 12:00 AM [rtl]Eased the shock of tariffs Washington / Nafi Fartousi Despite the current crisis between China and the United States on raising customs duties for some goods, the job growth rate in the United States rose more-than-expected in June as manufacturing companies moved more workers. The Ministry of Labor, for its part, said that the number of jobs in the non-agricultural sectors has increased to 213 thousand jobs during the last month. Wage increases While last month's unemployment rate rose to 4 percent from an 18-year low of 8.3 percent in May, observers said it was a sign of growing confidence in the labor market, with more people joining the ranks of job seekers. On average wages, the hourly wage rose five cents, or 2.0 percent, in June after rising 3.0 percent in May. Raising the annual increase in the average hourly wage to 7.2 percent. The modest increase in wages is supposed to dampen fears of a significant increase in inflationary pressures that keep the Federal Reserve on the path of gradually raising interest rates. Increase jobs The Ministry of Labor said in a statement that the review of April and May data showed a 37,000-fold increase from the previously announced reading, giving the economy an acceptable satisfaction. "Job growth has cut unemployment rates by almost 18 years," he said, adding that "the biggest growth in jobs was manufacturing, construction and IT," which is among the highest paid sectors in the United States . The economy and the US economy, the world's largest economy, grew by 3.9 percent in the second quarter, beating analysts' forecasts of 3.5 percent. Economists attributed the growth of the US economy in the second quarter to the decline in the trade deficit and the high rate of exports, which led to investor confidence in US assets that caused a record jump in the dollar, in addition to the decline in world oil prices in recent years.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=160486[/rtl] |
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