The number of U.S. workers seeking first-time jobless aid fell by 10,000 last week, a government report on Thursday showed, signaling a relatively healthy job market.
U.S. employers added a smaller-than-expected 113,000 new jobs in July and the unemployment rate jumped unexpectedly to 4.8 percent, Labor Department data showed on Friday.
Hiring slowed in July as employers added just 113,000 new jobs, propelling the unemployment rate to a five-month high of 4.8 percent and providing fresh evidence that companies are growing cautious amid high energy prices. Wages grew solidly.
At a spartan hall converted from a closed textile company east of Manila, hundreds of Filipinos milled around small corporate booths looking for work. The longest lines at the job fair were for call center or business process outsourcing firms.
An indicator of future U.S. economic activity slipped for a second month in March, hinting at slower growth ahead, while separate data showed Mid-Atlantic factory activity edged up in April despite higher costs.
Byow U.S. unemployment reflects a vigorous economy but does not risk fueling inflation at the moment, U.S. Treasury Assistant Secretary for Economic Policy Mark Warshawsky said on Monday.