Financial Times FT.com

US labour market tighter than estimated

By Krishna Guha in Washington and Daniel Pimlott, Michael Mackenzie and Richard Beales in New York

Published: October 6 2006 13:34 | Last updated: October 6 2006 23:33

The US economy added many more jobs than previously estimated in the later stages of the current cycle, dramatic new data revealed on Friday, raising the prospect that the labour market today may also be tighter than previously thought.

According to the new figures, the economy added 810,000 more jobs than earlier estimated between April 2005 and March 2006, an average of 67,500 more jobs every month over that period.

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