The US Department of Labor reports that the unemployment rate in the country in November fell by 0.2% to 7.7%. This result somewhat inspired the experts, as the predicted figure was 7.9%. The number of jobs in non-agricultural segments of the country’s economy increased by 146 thousand in comparison with the previous month.
The official unemployment rate for November was the lowest since December 2008. However, many experts believe that this decline was not due to an increase in the number of working Americans, but because many able-bodied citizens simply despaired of finding work and dropped out of the official category of unemployed, interrupted by odd jobs. Many have decided to move — the financial crisis has hit many a family of average Americans.
Most jobs were created in the retail sector — 52.6 thousand, 43 thousand jobs were created in the field of business services, the number of temporary jobs increased by 18 thousand. But employment in manufacturing decreased by 7 thousand places and in construction by 20 thousand..
However, the average wage per hour increased by four cents..
For your information, from January 1, 2013, two laws governing the US budget will automatically terminate. Tax breaks, approved under Bush, will be canceled, and federal spending will be cut by $ 600 billion, or 6% of US GDP. The abolition of tax incentives may lead to the fact that 1 million people will lose their jobs, which means that the unemployment rate will increase by 0.7-0.8%.
