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 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.
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This entry was posted on May 5th 2017 at 11:25am/11:25 and is filed under Business, Economy, Elections, Live News Column 1, Politics. You can follow any responses to this entry through the RSS 2.0 feed.
