The unemployment rate fell to 5.1% in the U.S. – Move To America
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The unemployment rate fell to 5.1% in the U.S.

ID-100329056The U.S. unemployment rate fell from 5.3 percent in July to 5.1 percent in August, reaching the lowest level since April 2008, when the country slipped down into recession. And although the number of jobs added last month is not as high as the economists had anticipated, the job market shows signs of continual recovery. Not only that fewer people are unemployed, but those who have a job received on average 2.2 percent more on their salaries, and wage growth is always an encouraging sign.

According to the Labor Department, many of the jobs added last month were for high paying positions. Most of them were in health care, 56.000, followed by professional service jobs, such as accountants and lawyers, 33.000, and finance, 19.000 new jobs. Public positions are also on the rise. State and local governments provided 31.000 jobs. So far this year the economy has added around 1.7 million jobs, and by the end of 2015 the number could reach 2 million.

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