₦airaland Forum

Okoroawusa:
Labour Party no dey there?

sageb:
OBA should win this election

Bornbiafra:
Liar... material are yet to leave to polling unit

Polchiz:
I thought the charge and bail lawyer, Keyamo claimed that Nigeria is doing better than US?

According to federal data released Friday, the federal unemployment rate dropped to 3.5% in July, tying January and February 2020 for the lowest mark in recent decades.

Overall, the US job market remained strong despite inflation and recession concerns. The economy added 528,000 new jobs during the month as the Bureau of Labor Statistics called the national job growth “robust.”

The US unemployment rate has not dropped below 3.5% since 1969.

Job growth was led by gains in the leisure and hospitality, professional and business services, and health care industries. The leisure and hospitality industry added 96,000 jobs in July, but has 1.2 million fewer employees than before the pandemic.

Federal figures indicate that the unemployment rate has returned to pre-pandemic levels. However, workforce participation continues to be a factor as for the second time in history, there are 100 million Americans not in the labor force. The only other time so many Americans were not in the labor force was April 2020 during the onset of the pandemic.

Average hourly wages increased by 15 cents in July to $32.27. In the last year, average hourly wages have increased by $1.60, or 5.2%. However, inflation was up 9.1 for the 12 months ending in June, indicating wages have failed to keep up with higher prices.

President Joe Biden celebrated the release of Friday's report.

"Today, the unemployment rate matches the lowest it’s been in more than 50 years: 3.5%. More people are working than at any point in American history." Biden said. "That’s millions of families with the dignity and peace of mind that a paycheck provides. And, it’s the result of my economic plan to build the economy from the bottom up and middle out."

Rastaramsey:
It isn't true....

The Minister of State for Transportation, Sen. Gbemisola Saraki, on Monday assured Nigerians that the rail track that led to the Apapa Port terminals would be completed in two weeks.

Saraki made the assurance when she led some officials of the Federal Ministry of Transportation to Apapa Port Terminals through the Mobolaji Bank Anthony Rail Station in Lagos.


She said the Project Manager, China Civil Engineering Construction Company (CCECC), Mr Xia Lijun, had given her the assurance that the laid track would be completed in the next two weeks.

“As you can see, the building belonging to the Nigeria Customs Service (NCS) Scanner Centre needs to be pulled down but there has been issues surrounding it.

“I have been able to see the situation and upon my return to Abuja, the ministry will meet with Management of NCS and the Nigerian Ports Authority (NPA).

“Before the end of next week, solution to improve the construction at the Apapa rail track will be provided and the rail will be operational in two weeks,” Saraki said.

Saraki, noting the need for the demolition of the Customs scanner centre, stressed the importance of ensuring that the demolition was done safely without destroying the customs equipment.

She added that after the demolition of the centre, the ministry would come back for inspection, to ensure that the scanners were relocated to a safer place.

Revolution2022:
A former vice president of Nigeria politics cannot go broke given the large amount of money he looted when he was in government.

SmartPolician:
Atiku cannot be broke. You can only say he's broke if you don't know how much he stole from Nigeria