Oprah Is A Hit In Saudi Arabia and more[Around The World]
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The United States unemployment rate dropped to a 4 1/2-year low as businesses cranked up hiring in January, an encouraging sign that the economy started the year on the right foot. The average unemployment rate in the 90's was 5.7%. The latest jobs picture, provided by the US Labor Department on Friday, suggested that companies are feeling better about the economy's prospects as well as their own and thus are more inclined to hire. Good weather in parts of the country also helped, especially for construction work. The unemployment rate dropped from 4.9 percent to 4.7 percent, the lowest since July 2001. “The economy fired on all cylinders in January,” said economist Sung Won Sohn, president of Hanmi Bank. Employment gains were fairly widespread last month. Construction, manufacturing, health care, financial activities and other industries boosted payrolls. That blunted job losses in other areas including retailing, government and broadcasting. Looks like the Democrats are going to have to find something else to pin on Bush. |
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