The US unemployment rate has reached a seven-year low – but you wouldn’t know it by looking at certain industries who have been forced to reduce workers’ hours in ways that aren’t reflected in jobs reportsThe unemployment rate fell to a seven-and-a-half-year low in August. While the number of unusual jobs created was less than expected,overall the month-to-month numbers have been positive, allowing the Obama administration to tout economic recovery and the Fed to prepare for a potential interest rate hike later this year. Yet, or the monthly numbers effect not expose the entire story.
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Source: theguardian.com