Thu, Oct 24, 2013 - Page 15 News List

Uncertainty in US employment market continues

AP, WASHINGTON

And pay raises have been slight: Average hourly pay rose just 2.1 percent last month in from 12 months earlier. That is barely keeping up with historically low inflation.

Many economists estimate that the partial government shutdown cut US$25 billion out of the economy and slowed growth to about a 2 percent annual rate in the October-December quarter.

That is weaker than estimates before the shutdown that the economy would expand at a 2.5 percent annual rate this quarter.

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