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

The U.S. added 263,000 new hires in April, easily beating Wall Street expectations of 190,000. That’s 73,000 above the estimate, or 38%.

The unemployment rate fell to 3.6% vs. 3.8% expected and the lowest since December 1969.

CNBC

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.

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5 Responses to Jobs surge in April, unemployment rate falls to the lowest since 1969 (video)

  1. Menagerie's avatar Menagerie says:

    Things are going so right for us. How in the heck can everyone not be 100% behind President Trump? I’m serious.

    Liked by 1 person

  2. Menagerie's avatar Menagerie says:

    Okay, I can comment but not like posts or other comments. And I have to log in for every comment.

    Liked by 1 person

  3. jeans2nd's avatar jeans2nd says:

    Fake News ABC Radio is reporting the jobless number fell due to more people leaving the workforce, while “reporting” 263,000 more people “went back to work.”
    How stupid do they think we are?
    Obviously, very stupid.

    No matter. Unemployment lowest in 50 years, millions of GREAT jobs being created, more increases in salaries, plus 3.2 % economic growth. Does it get any better than this? 😮

    Liked by 1 person

  4. Stella's avatar stella says:

    Like

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