US unemployment drops below 5.0%

08 February 2016

 

Unemployment in the US dropped to 4.9% as the US created another 151k jobs in January. The number of jobs was less than the market was expecting at 185k which added fuel to some commentators’ arguments that the US might be headed for recession in 2016. Others such as the Royal Bank of Canada, said in a report "The short-sighted folks out there will, on the basis of private job...

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