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Jobs surge in April, unemployment rate falls to the lowest since 1969


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nonfarm-payrolls-april-2019.html
  • The U.S. added 263,000 new hires in April, easily beating Wall Street expectations of 190,000.
  • The unemployment rate fell to 3.6% vs. 3.8% expected and the lowest since December 1969.
  • The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, according to a Labor Department report Friday.

    Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate.

     

    Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours.

    Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history.:snip:

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@ScottAdamsSays

In 2016, if everything the Democrats believed had been true, we would have a depression, nuclear war, prison camps, and an insane Russian puppet as our president. In 2019, if Dems are right about everything they believe, Trump might have almost impeded a witch hunt but didn’t.

2:01 PM - 1 May 2019

 

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