The country has lost jobs for the second consecutive month. The Labor Department report showed 131,000 net job destruction, while analysts were expecting 87,000 according to their median forecast.

These job losses have been drawn by the public sector, because of non-renewal of contract 143,000 people hired temporarily for the decennial census.

The private sector created 71,000 jobs, the report said the ministry. It is almost 2.3 times more than the previous month, but less than analysts had expected (83,000).

The ministry also revised its figures for June This month, which marked the return of the country to destruction Net job creation after five months was much worse than expected having seen the loss of 221,000 jobs, according to new estimates by the ministry, more than almost 77% to its original figure.

Despite the poor figures for July, the unemployment rate remained steady at 9.5%, while analysts expected it rises to 9.6%.

Posted by Learning Foreign Exchange on 1:34 AM. Filed under business . You can follow any responses to this entry through the RSS 2.0