U.S. jobs growth accelerates in AprilMay 6, 2017 - 17:38 AMT PanARMENIAN.Net - U.S. jobs growth staged a bigger recovery than expected in April as businesses added 211,000 posts, BBC News reports. Figures from the U.S. Department of Labour also showed the unemployment rate dropped slightly to 4.4%, compared with 4.5% in March. The rebound in the jobs market could pave the way for the U.S. central bank to raise interest rates in June. The economy needs to create 75,000 to 100,000 jobs a month to keep pace with growth in the working-age population. An unemployment rate of anything under 5% is considered to indicate full employment. The rate of 4.4% is the lowest since May 2007. The rise in employment was driven by the leisure and hospitality sectors, health care and social assistance, financial activities and mining. The report also showed average hourly earnings rose by 2.5% year-on-year, although this was down slightly on March's figure. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |