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U.S. Unemployment Rate Matches Historic Low As Payrolls Rise

Jobless rate fell to 3.8% to match April 2000 as the lowest since 1969 Jun 1, 2018 (BE2C2) — Last month, the United States added 223,000 jobs beating forecasts and the unemployment rate matched its lowest level in five decades, the Labor Department said Friday. The Bureau of Labor Statistics said in its report employment edged up in the retail, healthcare and construction sectors. Retail trade added 31,000 jobs while manufacturing added 18,000. The construction industry, often a key contributor to U.S. workforce growth, gained 25,000 jobs. Healthcare jobs increasedRead More


UAE, Afghanistan Ink Deal For Supply of Afghan Workers

MAY 31, 2018 (BE2C2) — The UAE and Afghanistan have signed a memorandum of understanding (MoU) to supply Afghan workers to the emirate. The labor agreement was signed on the sidelines of the 107th International Labor Conference in Geneva, Switzerland, the UAE’s state news agency WAM reported. A joint committee will be formed to monitor the implementation of the MoU. Youth unemployment stands at more than 40 percent in Afghanistan, and most young people do not have an education. Those that do, find jobs in other countries. Until now thereRead More