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Showing Original Post only (View all)UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969 [View all]
Source: Washington Post
The U.S. economy added 263,000 jobs in April, notching a record 103 straight months of job gains and signaling the current economic expansion shows little sign of stalling.
The unemployment rate fell to 3.6 percent percent, the Labor Department said Friday, the lowest since 1969. The official unemployment rate has been at or below 4 percent for more than a year. The United States has more job openings than unemployed people, a situation some economists call "full employment" since most job seekers are able to land a job.
In the years after the Great Recession there was deep concern that wages weren't rising and Americans who had lost jobs had lost hope of getting one again. But there's been good news on both of those fronts in recent months as the abundance of "we're hiring" signs across the nation has helped lured people back into the labor force and push pay higher.
Low unemployment has forced employers to raise wage and become more aggressive about hiring and training workers. Average hourly earnings rose 3.2 percent in the past year, well above inflation, and lower wage workers enjoyed some of the largest gains as companies scrambled to fill jobs and many states have raised their minimum wage.
Read more: https://www.washingtonpost.com/business/2019/05/03/us-economy-added-jobs-april-unemployment-fell-percent-lowest-since/?utm_term=.08d2f4c1e811
I know our resident economy trackers will be along shortly to fill in the BLS data! TGIF!
EDIT: WaPo keeps changing their headline.
Previous headline: U.S. economy added 263,000 jobs in April as unemployment fell to 3.6 percent, lowest since 1969
Original article and headline -
By Washington Post Staff
May 3 at 8:32 AM
Hiring remains strong as the U.S. economy added more jobs than expected in April, marking a record 103 straight months of job gains. The unemployment rate fell to 3.6 percent.
This is a developing story. It will be updated.
https://www.washingtonpost.com/news/business/wp/2019/05/03/the-u-s-economy-added-263000-jobs-in-april-beating-expectations-as-record-hiring-streak-continues/?utm_term.ebfb7c3c4293