US Jobless Rate Drops to 4.3% as Hiring Declines

US unemployment rates fell to its lowest levels reached within a 16-year period last May/ Market investors took this as a sign that the ever slow-paced US economic expansion has already reached a whole new level that has made it exceptionally hard for business to score workers with suitable working experiences. The country’s jobless rate is currently at 4.3%, which is its lowest point reached since May 2001 and is just under the level it reached during the 2001-2007 economic expansion period. On the other hand, hiring rates have posted a significant decline at a seasonally-adjusted jobs record of 138,000 from last month, which makes up about two-thirds of the recorded growth rate for the entirety of 2016.