CNBC reports 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, the Labor Department reported 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.
Friday, May 3, 2019
Trump Economy Crushing It: Jobs surge in April, unemployment rate falls to the lowest since 1969
Did eight years of Obama ever produce an economy like this? Not even in his wildest dreams. President Trump's economic policies has sent the U.S. animal spirits lose with number this country hasn't witnessed in 50 years. Why would ever turn back to what the Democrats have to offer?