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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.
US Unemployment, Pixabay
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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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Facebook Introduces Free Online Education Programme in The US

The "We do" module lets educators and students learn together. And the "You do" is designed to help students practice their new skills

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Facebook likely to launch camera-equipped hardware for TVs. Pixabay

Facebook has launched in the US free online education programme CodeFWDTo to increase the numbers of underrepresented and female students interested in pursuing computer programming.

“We’re working on a number of initiatives like CodeFWD to widen the pipeline of diverse talent studying computer science so the next generation of tech innovators reflects and incorporates diverse perspectives, building a future that benefits us all,” Lauryn Ogbechie, Education Partnerships Director at Facebook, said in a statement on Tuesday.

Created in partnership with connected toys maker Sphero, CodeFWD by Facebook, has been designed for both English and Spanish speakers.

It is a three-step programme where educators and organisations introduce computer programming to 4th to 8th grade students.

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Facebook App on a smartphone device. (VOA)

With the first module “I do”, CodeFWD prepares educators to introduce the basics of computer programming to their students, even as they may be discovering the concepts themselves.

The “We do” module lets educators and students learn together. And the “You do” is designed to help students practice their new skills.

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“After completing these three steps, educators who want to continue developing their students’ coding skills using a tangible, hands-on product can apply to earn a free classroom set of programmable robots from our partners at Sphero,” Ogbechie said. (IANS)

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