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US Unemployment Rate Goes Below 4%, First Time Since 2000

The drop to 3.9 per cent comes after six consecutive months in which the employment rate remained stable at 4.1 per cent.

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The US' headline unemployment rate fell to 3.9 per cent in April, the first time it has dropped below 4 per cent since 2000, the government said on Friday.
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The US’ headline unemployment rate fell to 3.9 per cent in April, the first time it has dropped below 4 per cent since 2000, the government said on Friday.

The current jobless rate in the US indicates a market with virtually full employment, though the creation of 164,000 new jobs was slightly below analysts’ expectations, Efe reported.

Economists had forecast that the US economy would create some 190,000 jobs in April, but even so, it was the 91st straight month to show increased employment in the US, the longest labor market growth streak on record.

The current jobless rate in the US indicates a market with virtually full employment, though the creation of 164,000 new jobs was slightly below analysts' expectations, Efe reported.
Donald Trump, Wikimedia Commons

The drop to 3.9 per cent comes after six consecutive months in which the employment rate remained stable at 4.1 per cent.

As for workers’ wages, on average they were up 4 cents an hour last month, the equivalent of 0.1 per cent or $26.84, and are expected to remain on the rise due to the continuing demand in the labor market.

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The labor force participation rate, defined as the share of the population 16 years and older either working or seeking work, dropped minimally from 62.9 per cent to 62.8 per cent.

This report on a robust labor market raises expectations that the Federal Reserve will increase interest rates, currently between 1.5 per cent and 1.75 per cent, at its next policy meeting in June. (IANS)

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US Planning For Space Force To Stay Ahead in War

The general says his team is already writing government proposals to make space resupply a certainty for future military mobility

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Space Force
Air Force Gen. Carlton D. Everhart, the Commander of Air Mobility Command, left, holds a binder with a photograph of Air Force One on the cover as he speaks to Navy Adm. Bill Moran, Vice Chief of Naval Operations, second from left, while arriving with other generals and admirals for a meeting with President-elect Donald Trump at Mar-a-Lago, in Palm Beach, Fla., Dec. 21, 2016. (VOA)

It might sound like science fiction, but the general in charge of the U.S. military’s air transports across the globe says refueling and resupplying the military may soon be a job that’s literally out of this world.

“If I can resupply from space I can go across globe in about 30 minutes,” Air Force General Carlton Everhart, the head of Air Mobility Command, told VOA. “I do truly believe that is the next step. We can really make inroads.”

Everhart says the time gained by using hypersonic craft in space could keep him ahead in “the speed of war,” where competitors China and Russia have been trying to make gains.

The idea of using space deliveries isn’t as far out as it may seem. In fact, industry leaders, companies Everhart hopes to partner with, are already working on this type of technology.

Launch vehicles from companies like SpaceX, Sierra Nevada, and even foreign ventures could “provide tremendous strategic advantage to the U.S. government,” according to Eric Stallmer, the president of the Commercial Spaceflight Federation.

But it’s an advantage that would come with an astronomical price tag of thousands of dollars per kilo.

Experts say the need to transport via space must outweigh these costs, perhaps only being used during the most important of missions.

Todd Harrison, a space and defense expert at the Center for Strategic and International Studies, points to the 2012 attack in Benghazi, Libya, which killed U.S. Ambassador Christopher Stevens and three other Americans, as a situation where time necessities could overpower cost concerns.

“Imagine if we had been able to launch a SEAL team and put them right down in that compound within 45 minutes of knowing that it was under attack. It could have made the difference,” he said.

The general is not just focused on launching from one point on Earth to another, Everhart also wants to use satellites to preposition cargo in space.

Stallmer said a lot of spaceflight companies are looking at this idea of space refueling depots, including plans to convert those refueling vehicles to habitats within space once they’ve been used.

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The future is full of possibilities, but it is unclear when these technologies will be fully developed. Experts give estimates ranging from a couple of years to more than a decade, but that doesn’t stop Everhart from dreaming.

“The train is leaving the station and we’re going to be on it. And I’m not going to be on the caboose. I want to be in front of, I’m going to be in the front,” he said.

The general says his team is already writing government proposals to make space resupply a certainty for future military mobility. (VOA)

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