Markets

Nov 13: John Ryding on the US employment outlook

Part 3: John Ryding, chief economist at RDQ Economics in New York says the unemployment rate should current labour trends continue, the US economy is about 20 weeks away or four or five months away from starting to see the emergence of job creation.the ranks of the hidden unemployed and those working part time means the actual rate of unemployment is 17.5 per cent, not the official rate of 10.2 per cent.