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US reports more jobs in April

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WASHINGTON(AFP) – A solid job creation report for April and a fall in the jobless rate to 7.5 percent sweetened the picture for the US economy Friday, amid worries that it has tumbled into a “spring swoon.”

The Labor Department said the economy added a firm 165,000 jobs last month, and revised sharply upward the numbers for February and March, adding 114,000 net new positions to the previously reported data.

The gains came even as taxes rose and government spending tightened under the sharp “sequester” cuts, which still threaten to hold economic growth back this year.

The improved jobs numbers for the three months pressed the unemployment rate down 0.1 percentage point to 7.5 percent, underscoring steady if not spectacular gains in the job market in the past year. In April 2012, the jobless rate was 8.1 percent.

The better-than-expected data sparked a surge in US and European stocks, with the key New York indices smashing through to new records.

The S&P 500 closed up 1.05 percent at 1,614.42, its first trip past 1,600, while the Dow Jones Industrial Average passed the 15,000 barrier for the first time, but slipped back, gaining 0.96 percent at 14,973.96.

The dollar spiked higher on the news but quickly reversed course, to trade lower at around $ 1.3118 per euro.

People looking for jobs at Job Fair Held At Sun Life Stadium In Miami.

People looking for jobs at Job Fair Held At Sun Life Stadium In Miami.

Alan Krueger, chairman of the White House’s Council of Economic Advisers, said the data showed the economy’s continuing pull away from the 2008-2009 Great Recession.

But he warned that the push to further reduce government spending by Republicans in Congress could hurt growth.

“Now is not the time for Washington to impose self-inflicted wounds on the economy,” he said in a statement.

“The administration continues to urge Congress to replace the sequester with balanced deficit reduction, while working to put in place measures to create middle-class jobs, such as by rebuilding our roads and bridges and promoting American manufacturing.”

The Labor Department report sharply revised the overall picture of the economy more broadly from just one month ago, when analysts were shocked by the initial estimate of net jobs generated in March, a paltry 88,000.

Coupled with other data, the March report had suggested a spring stall in the economy, the result of payroll tax increases that took effect in January and sequester spending cuts that started on March 1.

The big surprise in the report was the revision of the March jobs growth number to 138,000, as well as February’s, which gained 64,000 to 332,000.

“The message is that last month’s weaker-than-expected report was largely a false alarm,” said Jim O’Sullivan, chief US economist at High Frequency Economics.

As over most of the past year, April’s gains were all in the private sector, as government continued to shed jobs.

Job creation was strongest in the professional and business services sector, tourism and entertainment, retail trade and health care, while industrial sector jobs shrank.

Still, there were clear signs of ongoing weakness in the data.

Average hours worked per week in the private sector slipped to 34.4 from 34.6 in March, a possible sign of weakness in the economy, as was a 278,000 rise in the number of people forced to work part time, to 7.92 million.

The number of people counted as officially unemployed was little changed at 11.7 million.

In addition, the fall in jobs in the industrial sector, with manufacturing jobs flat, showed that efforts to rebuild US industry into a larger motor of the economy were sagging.

Other data measures on Friday pointed to continued weakness: the ISM services purchasing managers index showed lower growth, and the Commerce Department said new orders for manufactured goods sank in March.

Despite the strong job creation, summed up Nariman Behravesh, chief economist at IHS, the economy was still in a spring swoon.

“The full impact of the sequester cuts is yet to be felt and things will likely get softer before improving,” he said.

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Posted in Nigeria News. A DisNaija.Com network.

Source: PM News

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Nigeria News

Kano Transfers Over 1,000 Almajiris To Different States Amidst COVID-19 Pandemic

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The Kano State Government on Saturday said it has transferred 1,098 ‘almajiris’ to different states of the country.

The commissioner for local government, Murtala Garo, disclosed this while presenting a report before the state’s task force on COVID-19 at the government house, Kano.

Almajiris are children who are supposed to be learning Islamic studies while living with their Islamic teachers. Majority of them, however, end up begging on the streets of Northern Nigeria. They constitute a large number of Nigeria’s over 10 million out-of-school children.

Mr Garo said the Kano government transported 419 almajiris to Katsina, 524 to Jigawa and 155 to Kaduna. He said all of them tested negative for coronavirus before leaving the Kano State.

Despite the coronavirus test done in Kano for the almajiris, the Jigawa government earlier said it would quarantine for two weeks all the almajiris that recently arrived from Kano.

Mr Garo said another 100 almajiris scheduled to be taken to Bauchi State also tested negative to COVID-19.

In a remark, Governor Abdullahi Ganduje said the COVID-19 situation in Kano was getting worse. He appealed for a collaborative effort to curtail the spread of the virus in the state.

Mr Ganduje, who commended residents for complying with the lockdown imposed in the state, said the decision was taken to halt the spread of the virus.

Kano State, as of Saturday night, has 77 coronavirus cases, according to the Nigeria Centre for Disease Control.

The decision to transfer the Kano almajiris is part of the agreement reached between Northern governors that almajiris in each state be transferred to their states of origin.

However, even before the latest agreement by the governors, the Kano government had been transferring almajiris to other states and neighbouring countries after it banned street begging in the state, most populous in Northern Nigeria.

Despite the transfers, however, no concrete step has been taken to ensure such children do not return to Kano streets as there is freedom of movement across Nigeria although interstate travel was recently banned to check the spread of the coronavirus.

 

Sourced From: Premium Times Nigeria

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Nigeria News

COVID-19: ‘Bakassi Boys’ Foil Attempt To Smuggle 24 Women Into Abia In Container

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By Ugochukwu Alaribe

Operatives of the Abia State Vigilante Service, AVS, popularly known as ‘Bakassi Boys’ have arrested 24 market women hidden in a container truck, at Ekwereazu Ngwa, the boundary community between Abia and Akwa Ibom states.

The market women, said to be  from Akwa Ibom State, were on their way to Aba, when they were arrested with the truck driver and two of his conductors for violating the lockdown order by the state government.

Driver of the truck, Moses Asuquo, claimed he was going to Aba to purchase stock fish, but decided to assist the market women, because they were stranded.

A vigilante source told Sunday Vanguard that the vehicle was impounded while the market women were sent back to Akwa Ibom State.

Commissioner for Home Land Security, Prince Dan Okoli, who confirmed the incident, said that  smuggling of people into the state poses great threat to the state government’s efforts to contain the spread of COVID- 19.

 

Sourced From: Vanguard News

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Nigeria News

Woman Kills Her Maid Over Salary Request

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Operatives of the State Criminal Investigation and Intelligence Department (SCIID), Yaba of the Lagos State police command have arrested one Mrs Nene Steve for allegedly killing her maid, Joy Adole

The maid was allegedly beaten to death by Nene for requesting for her salary at their residence located at 18, Ogundola Street, Bariga area in Lagos.

Narrating the incident, Philips Ejeh, an elder brother to the deceased said that he was sad when they informed him that his sister was beaten to death.

He explained that the deceased was an indigene of Benue State brought to Lagos through an agent and started working with her as a maid  in January 2020.

‘’She reported that her boss refused to pay her and anytime she asked for her salary she will start beating her.

She was making an attempt to leave the place but due to the total lockdown she remained there until Sunday when her boss said she caught her stealing noodles and this led to her serious beating and death,’’ Ejeh said.

He called on Lagos State Government and well- meaning people in the country to help them in getting justice for the victim.

The police spokesman, Bala Elkana, stated that the woman and her husband came to Bariga Police  Station to a report that their house girl had committed suicide.

Detectives were said to have visited the house and suspected foul play with the position of the rope and bruises all over the body which confirmed that the girl had been tortured to death and the boss decided to hang up the girl to make it look like suicide.

He said: “The police moved on with their investigation and found a lot of sign of violence on her body that she has been tortured before a rope was put on her neck.’’

He added that the police removed the corpse and deposited it in the mortuary for autopsy to further ascertain the cause of the death.

Elkana said the matter has been transferred from Bariga police station to Panti for further investigation while the couple have been arrested and will be charged to court.

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Boko Haram Attacks: Buhari Summons Urgent Meeting Of Service Chiefs

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President Buhari and the Service Chiefs in a meeting. (File photo)

Ostensibly alarmed by the latest killings of dozens of soldiers by Boko Haram insurgents, President Muhammadu Buhari has summoned an urgent meeting of Service Chiefs to find ways to stop the trend. 

He has also dispatched the Minister of Defence, Mansur Dan Ali, to the neighbouring Republic of Chad for an urgent meeting with President Idris Deby and his defence counterpart. 

Knowledgeable sources said in Abuja on Friday that the president is worried by on the deterioration of security situation on the Nigeria – Chad Border that has led to the recently increased Boko Haram terrorism in the area.

The sources which did not want to be named in Abuja said: “Nigeria has a Chad  problem in the Multi-National Joint Task Force (MNJTF) put together to secure the Lake Chad basin areas and repeal the Boko Haram terrorist attacks against all the countries neighbouring the Lake.”

The sources noted that Chad is believed to be having their own internal security challenges and this has reportedly led to their pulling away their own troops manning their own border around Lake Chad,  saying: “That lacuna is being exploited by the Boko Haram terrorists, who go in and out of Nigeria, Niger and Cameroon to launch terrorist acts.  This is a clear illustration of the fact that terrorism is beyond national borders.”

When contacted, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, confirmed that the Defence Minister is going to Chad but said he is unaware of the purpose. 

Meanwhile, the military authorities are said to be in the process of identifying the families of the latest victims with a view to making contact with them. 

Credible sources revealed that it is the reason the president is yet to make any pronouncement on the matter. 

“The President has called an urgent meeting with the Service Chiefs, as well as the fact that families of the latest victims of the Boko Haram are being identified and contacts made before a government pronouncement on the tragic attacks. This, it is understood, is the reason for the silence of the government over the incident,” the source said. 

 

Sourced From: Tribune

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