WASHINGTON Kemoko Turay Colts Jersey , Feb. 7 (Xinhua) -- The U.S. job market is off to an unsteady start in 2014 with yet another lackluster unemployment report released on Friday.
The Bureau of Labor Statistics (BLS) jobs report showed the U.S. added 113,000 jobs in January, bringing the average growth rate over the last three months to just 154,000 jobs.
"At this pace, it will take more than six years to get back to pre-recession labor market conditions," said Economic Policy Institute labor economist Heidi Shierholz in a report on the organization's website.
At the same time, while the labor force participation rate rose by two-tenths of a percentage point on Friday, it remains depressed. Indeed Justin Reid Packers Jersey , there are still 5.7 million missing workers -- workers who have given up looking for work, or never started because job openings are so weak -- although the slight increase is a step in the right direction, Shierholz said.
"Altogether, today's data show that 2014 did not get off to a strong start," she said.
Brookings Institution's senior fellow Gary Burtless said in an email to reporters that while the labor force participation rate increased 0.2 percentage points in January, the rate has over the past year fallen 0.6 percentage points.
That is partly because of the aging of the population and partly because of continued weakness in the job market, he said.
However, there is a sliver of good news Josh Rosen Cardinals Jersey , as the unemployment rate declined by one-tenth of a percentage point to 6.6 percent. And in an unusual twist, the decline was for good reasons -- a higher share of the potential workforce found work, with the share of the workforce with a job rising by two-tenths of a percentage point, Shierholz said.
The figure comes on the heels of previous drops in the unemployment rate spurred by people dropping out of the workforce out of sheer frustration, not because they found work. The BLS bases its calculations on the number of people seeking full-time jobs.
BEIJING, Nov. 6 (Xinhua) -- China's economy is operating steadily and within a reasonable range and has a great potential for development, Chinese Premier Li Keqiang said Tuesday.
Li made the remarks when holding the third "1+6" Roundtable with leaders of major international economic and financial institutions in Beijing.
Although the country's economy may see some fluctuations in the near future, it is within control Josh Jackson Packers Jersey , he said, adding the economic fundamentals are sound, as China is a big market and has the world's most abundant human resources.
"We have a workforce of 800 million to 900 million, with 170 million with higher education or technical skills," Li said.
He noted that China has implemented a prudent monetary policy and proactive fiscal policy in recent years, strongly promoted streamlining administrative procedures, cut taxes and fees and actively developed new drivers of growth, and will continue to do so in the future.
According to the World Bank Group in its annual doing business report released on Oct. 31 Josh Allen Bills Jersey , China advanced to a global ranking of 46 for ease of doing business this year, up from 78 last year.
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