(Bloomberg) — The U.S. unemployment rate fell more than expected in August, offering good news after troubling signs in Europe’s economy earlier in the week.
The fourth straight monthly improvement in the labor market included a 1.37 million gain in nonfarm payrolls, though the pace of job growth is moderating. The jobless rate dropped to 8.4%. There are still risks, with Congress in stalemate over another stimulus package and companies continuing to announce job cuts.
Europe’s jobs market also looks shaky, with the euro-area recovery losing steam and the inflation rate falling below zero. In the U.K., central bankers are hinting that they’ll do more to keep their recoveries on track.
Here are some of the charts that appeared on Bloomberg this week, offering insight into the latest developments in the global economy:
Following signs of a downturn in previous weeks, the latest readings show