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Unemployment hits 49-year low as US employers step up hiring
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.
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.
https://www.cnbc.com/2019/05/03/nonf...pril-2019.html
https://apnews.com/8a603c0717d44e9a9edca5f342129685
Unemployment hits 49-year low as US employers step up hiring
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.
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.
https://www.cnbc.com/2019/05/03/nonf...pril-2019.html
https://apnews.com/8a603c0717d44e9a9edca5f342129685
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