Employers scooped up workers in construction, health care, computer systems design, administrative support and other industries, adding a total of 263,000 net new positions for the month.The jobless rate fell two tenths to 3.6 percent but the decline was in part because the pool of workers shrank and fewer people were looking for jobs, pulling them out of the labor force.
Average hourly pay also climbed 3.2 percent over April of last year, its ninth consecutive month with annual growth above three percent, again outstripping inflation and boosting purchasing power for American paychecks.Compared to March, however, the increase in pay was only 0.2 percent, shy of forecasts.
Nevertheless, the brisk pace of hiring should dim hopes among investors that the Federal Reserve will feel pressure to cut interest rates in the near term. Hiring in the manufacturing sector also was a weak spot, with durable goods employment flat and the auto sector continuing to shed jobs.
TIL tax cuts really work to grow the economy by freeing disposable income.
Maybe after the 8th May South Africans can start dreaming of jobs without the corrupt and criminal ANC. Simple
Meanwhile in another type of 'sh!t hole' ....... tick tick tick 5 years tick tick 10 years...20.... 21... years .. tick tick same slogan.. 'we will create jobs' vote for us..😐
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ewnupdates - 🏆 30. / 53 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »