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Five fascinating business facts – Part 20

BusinessDay
3 Min Read

138,000

US jobless rate has dipped to 4.3% from 4.4% the previous month as employers hire fresh hands but the so called roar of the world’s largest economy touted by President Trump is no where near.

The job growth missed expectations in May, while April’s figure was revised significantly lower, according to data released less than two weeks before the next Federal Reserve meeting. Employers added 138,000 jobs in May, a report from the labour department shows. That compares with Wall Street expectations of 182,000. The April gain was revised lower to 174,000 from 211,000 previously. Wage growth was also a tad weaker than forecast.

$5,000

A cottage industry of intelligence gathering has mushroomed around the war in Syria as more Syrians fleeing Isis as US-backed ground forces move to capture Mosul and Raqqa, the crown jewels of Isis’s self-proclaimed “caliphate”.

Why? Because people are tired. Some are desperately poor, others just want this to be over,” one informant. “We even have Isis guys — some of them commanders — working with us. They see Isis being defeated and don’t want to die with it.” Some informants make as much as $5,000 a month with bonuses for high-value targets.

750

While Brexit is often cast as an affair between Brussels and London, in practice Britain’s exit from the EU will force the UK to renegotiate as many as 759 treaties with 168 countries, according to Financial Times research. And there are no obvious shortcuts: even a basic transition after 2019 requires not just EU-UK approval, but the deal-by-deal authorisation of every third country involved.

45%

Ghana’s gold output jumped 45 per cent last year compared to 2015 as new projects came online and activities expanded across the industry, the Ghana Chamber of Mines said in a report Friday. Aggregate output from Africa’s second largest producer was 4.1 million ounces, the highest level in nearly 40 years, up from 2.8 million ounces in 2015, the report stated.

Total Gold revenues for 2016 amounted to $5.15 billion up from $3.32 billion in 2015.

70,000

Nigeria’s built up communication towers have risen to 33,000 nationwide by industry estimates backed by the Communications ministry say Nigeria requires another 70,000 towers for effective coverage. So you might see another tower shooting from the ground near you soon.

HOMOUR

If economists were any good at business, they would be rich men instead of advisers of rich men. – KIRK KEKORIAN.

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