Shreveport in Louisiana had lost an approximate 3,000 jobs in the energy sector from 2015-2016 -- the realtively biggest jobs loss figure in the United States. Tennesse's Cleveland tops the city's best performers growing its employment market by 7.31 percent
The economy of the United States grew slowly in the fourth quarter although not as significant as predicted earlier. There was slightly strong consumer spending which balanced the drag from measures taken by business owners to cut their inventory overhangs.
U.S. workers are finally seeing the light as employers stepped up hiring last month. The country has infused the job market with an additional 242,000 jobs in February. The total number is much better than the 172,000 jobs added in January.
The jobless rate in the country has apparently slumped, with fewer people asking for unemployment benefits the week prior. The decreased number may have been possible due to the current economy that has hampered many companies from laying off their employees.
The U.S. unemployment rate dropped to a 5.3 percent seven-year low as employers provided 223,000 jobs in June. Wages, however, failed to increase and other economic indicators of the job market remain unpredictable.
On Wednesday, the World Bank censured China for the its extensive interference in the financial system. According to the bank, the state-dominated financial system could stoke potential instability unless Beijing undertakes urgent reforms to eliminate distortions in the broader economy.