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Episode details

World Service,02 Feb 2024,26 mins

US employment growth doubles defying predictions

World Business Report

Available for over a year

The first job report in the US this year showed positive figures with 353,000 jobs and average hourly pay jumped, while the unemployment rate held steady at 3.7%, the Labor Department said. It's almost double analysts' forecasts, and experts say this indicates the strength of the labor market and the economic growth. Jobs were added in the retail trade, professional and business services, in hospitals as well as nursing and many more. And yet, there are some industries in the US where lack of labor is affecting many businesses. Also, how much will affect local businesses a new trade deal in Northern Ireland, and why former Malaysian prime minister Najib Razak sent for 12-years in prison? (Picture: Smiling mid adult woman holding flag and wearing sticker. Picture credit: Getty Images)

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