The U.S. labor market topped expectations in April.
In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.
Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year. Weekly hours worked were steady at 34.4.
The U-6 unemployment rate, also known as the underemployment rate, fell to 8.6% after hitting a post-crisis low of 8.9% in March. Last month, Gary Cohn, President Trump’s chief economic advisor, said the administration is focused on the underemployment rate
https://finance.yahoo.com/news/jobs-report-april-2017-121454402.html
In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007.
Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year. Weekly hours worked were steady at 34.4.
The U-6 unemployment rate, also known as the underemployment rate, fell to 8.6% after hitting a post-crisis low of 8.9% in March. Last month, Gary Cohn, President Trump’s chief economic advisor, said the administration is focused on the underemployment rate
https://finance.yahoo.com/news/jobs-report-april-2017-121454402.html
