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Unemployment rate in the US falls to lowest level since 1969

unemployment in the U.S. fell to the lowest level in almost 50 years. The unemployment rate in April was 3.6 percent, according to the U.S. labor Department on Friday. You low it was last updated in December of 1969. In March, the rate was still at 3.8 percent. In April, 263'000 Jobs were new to the labour market – considerably more than experts had previously expected.

The improvement on the labour market leads President Donald Trump to its policy of low taxes and business-friendly removal of regulations. Trump wrote after the release on Friday on Twitter: "JOBS, JOBS, JOBS!" Experts see the influence of politics on the development as limited.

The U.S. Federal Reserve Bank stated in its latest report on the US economy, it was assumed that the labour market will still be up well into next year to be stable. 2021 – the year after the presidential election in the United States – is likely to increase the unemployment rate. (nag/sda)

Created: 03.05.2019, 16:49 PM

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