jobless

Politics professor at the University of Botswana Zibani Maundeni described it as a “jobless economy”.

Long-term claimants on work coaching schemes who remain jobless should face additional conditions after 12 months, rather than 18 currently, he argued.

The most recent jobless figure for California was 5.3% in August, although the state has in recent months been keeping pace with the national rate of job growth.

Employers in the US added 254,000 jobs in September, much more than expected, while the jobless rate dipped from 4.2% to 4.1%%, the Labor Department said.

Summers’ words implied that 5.8 million to 15 million Americans would have to be rendered jobless in order to bring down inflation.