Tag: US jobless rate

Washington : The United States' headline unemployment rate dropped to 3.9 per cent in July, a month in which nonfarm payrolls in the world's largest economy rose by 157,000, the Labour Department said on Friday. The US economy remains close to full employment even though the number of jobs added last month was below the 195,000 forecast by economists, Efe reported. US employment has risen for 94 consecutive months, the longest jobs-expansion streak on record. The unemployment rate has now dipped below 4 percent for the third time this year. The jobless rate...