An unemployment rate has decreased to 1.2% from 1.6% in Ukraine since the start of this year. The number of the officially registered unemployed amounted to 319,900 in July. Of this number, 256,900 persons were receiving unemployment compensation.
In 2017 the unemployed decreased by 14%, compared with last year. Unemployment recorded its highest rate of 1.7% in this country in February.
By comparison, full-time jobs declined by 166,000 in the United States. According to Paul Craig Roberts, chairman of the Institute for Political Economy, the meager 156,000 new jobs claimed are really only 115,000 net of the August’s revision, and this156,000 jobs estimate is within the range of statistical insignificance. In other words, there is no confidence that the jobs are actually there. Americans know that the nonsense from the U.S. Bureau of Labor Statistics about a 4.3% unemployment rate and an abundance of new jobs is fake news.
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