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  • US unemployment drops to lowest since 1969

    WASHINGTON D.C. — Amid signs that the global economy is slowing, America’s labor market nonetheless remains strong. In September, the unemployment rate fell to 3.5%, the lowest rate since December 1969, as employers added 136,000 jobs to the US economy. There were many signs of strength, including robust hiring in health care, transportation, professional services and state and local government. But overall, the pace of hiring has slowed considerably since 2018, when the economy added an average...

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  • The jobless rate in the US drops again for much of the country

    The Bureau of Labor Statistics released a report Wednesday showing that the unemployment rate in the U.S. during the month of August had dropped in most metropolitan areas. However, more than a hundred metropolitan areas saw a rise in unemployment.What did the report say?According to the BLS, 224 out of the 389 (58 percent) metropolitan areas in the U.S. saw a drop in unemployment rates in August compared to the same month in 2018. An additional 33 saw no change at all. For this data, the BLS...

  • The US ban has destroyed this industry – Huawei CEO

    Huawei CEO Richard Yu has criticised the US for implementing its ban on Huawei, saying that it has been a terrible decision for the smartphone industry.