News Update :

Soft Jobs Data Not Expected to Deter Fed

Saturday, 7 September 2013

The Labor Department's snapshot of the job market in August had several discouraging details underneath a relatively average gain of 169,000 jobs.

Despite a disappointing jobs report on Friday that raised fresh questions about the nation’s economic strength, analysts say they still believe the Federal Reserve will start pulling back on its stimulus program in a few weeks.

The Labor Department’s snapshot of the job market in August had several discouraging details underneath a relatively mundane headline number, which showed the economy added an estimated 169,000 jobs. Perhaps the most striking was a plunge in the share of Americans who are either working or looking for work, which fell to its lowest level since 1978.
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