Civil Defense warns of heavy rains, flooding risk in parts of Saudi Arabia    Saudi Arabia launches media scholarship track to develop local talent    Saudi climate center launches project to digitize 73 years of weather records    Data centers to be expanded across UK as concerns mount    Saudi Arabia approves digital ID use for non-resident foreigners to own property    31 Arab, Islamic nations condemn Netanyahu's 'Greater Israel' remarks and settlement expansion    Trump and Putin shake hands in Alaska for high-stakes summit    California governor unveils voting lines plan to counter Texas Republicans    Saudi Arabia slams Israeli settlement plans near Jerusalem International community urged to hold perpetrators of Gaza genocide accountable    Des Buckingham takes charge of Al Kholood ahead of new RSL season    Music Commission to present 'Marvels of Saudi Orchestra' at Palace of Versailles on September 5    AI designs antibiotics for gonorrhoea and MRSA superbugs    HONOR introduces HONOR Magic V5 foldable at a premium regional event in Dubai    Saudi referee Reem Al-Bishi selected for FIFA Women's Futsal World Cup in Philippines    Universal Inspection Co. Ltd. (UIC): Transforming industrial excellence with world-class precision    Ministry announces new regulatory requirements for factories within and outside urban areas    Al Nassr arrive in Hong Kong targeting Saudi Super Cup glory    Red Sea International achieves 44% growth in operating profits for H1 2025 The company announces Q2 2025 financial results    Baby Shark did not plagiarize, South Korea's top court rules    Saudi Pro League unveils 2025-26 fixture list with blockbuster opening clashes    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US Hiring Surges, Unemployment Falls to 6-Year Low
Published in Saudi Press Agency on 03 - 10 - 2014

AlHijjah 9, 1435, Oct 3, 2014, SPA -- U.S. employers added nearly a quarter-million jobs in September, a burst of hiring that helped drive down the unemployment rate to its lowest level in six years, the government reported Friday.
The Labor Department said employers added 248,000 jobs last month, and the unemployment rate fell to 5.9 percent, the lowest since July 2008. The report also showed that employers added 69,000 more jobs in July and August than the government previously had estimated.
The results of the most significant measure of the economy's health ahead of November 4 congressional elections showed a stronger labor market than analysts had expected.
The number of unemployed people fell in September by 329,000 to 9.3 million. Most of them found jobs last month, but almost 100,000 stopped looking for work. The exodus from the job market lowered the percentage of Americans working or looking for work to 62.7 percent, the lowest proportion since 1978.
Average hourly earnings increased a modest 2 percent in September from a year earlier. Before the 2007-2009 Great Recession, wages rose at a much faster pace.
The improved job-creation figures come one day after President Barack Obama highlighted his administration's economic achievements. While the president's message of an improving economy has been hurt by persistent declines in family incomes since he took office, the hiring data underscored the gains made in the labor market this year. The economy is the top issue in voters' minds as the November elections approach.


Clic here to read the story from its source.