The Labor Department released the April data on hiring and unemployment on Friday morning, providing an up-to-the-minute snapshot of the economy.
263,000 jobs were created last month. Analysts had expected a gain of 190,000 jobs, according to Bloomberg.
- The unemployment rate was 3.6 percent, the lowest in half a century. The rate was 3.8 percent in March.
- Average hourly earnings rose by 0.2 percent, which follows an increase of 0.1 percent in March. Over the last 12 months, earnings have risen by a healthy 3.2 percent, a hair’s breadth from the best level of the recovery.
This robust growth is another sign that fears of a slowdown have been, as usual, overblown.
About the Author
NONSENSE. Trump should get no credit for this economy. Obama spent 8 years putting the economy in the correct position so that it would rebound under the next administration. Obama has said so, and Adam Schiff has the proof that Trump got the secret to success from Putin.