hp for ($i=0; $i]+>!is", "", $news['Contains'][$i]['Body']); ?>

USA jobless rate falls to 3.9%

Donald Trump

The unemployment rate dropped below 4% in April for the first time since 2000.

The US economy has delivered steady, modest gains for most Americans since the Great Recession ended in Y 2009. The Labor Department reported Friday that it fell to 3.9% - inching closer to territory not seen in half a century.

Employers added about 164,000 jobs in April, up from last month's revised number of 135,000 jobs. "Over the past 12 months, the industry has added 518,000 jobs", the BLS said.

"Getting down to 3.9 is quite a marker", said Robert Frick, chief economist with Navy Federal Credit Union.

Much of the economy's durability is attributable to the healthy job market.

Big picture: After nearly nine years of economic expansion, one of the biggest problems companies face is finding skilled workers to fill millions of job openings. That is more than Y-Y wage growth of roughly 2% that prevailed in Y's 2014 and 2015, when the unemployment rate was higher.

"Overall, it's a good report", said Michael Feroli, chief USA economist at JPMorgan Chase & Co.

- "It may be surprising that wage pressures are not more pronounced with joblessness now below 4%".

"There's still hundreds of thousands of more people who will enter the workforce", he said.

Facebook blames 'bug' for unusual hate speech prompt
Each post also gives the option to dismiss the question with a tiny "x" box to the right of the answers. Nowhere in the hate speech button portal was there an option to find the definition of hate speech.

Regardless of the exact number, unemployment has reached amazingly low levels thanks to continuous job growth since October 2010. According to the Wall Street Journal, it has happened, "only a few times over the past 70 years - during the Korean War in the early 1950s, during the Vietnam War in the late 1960s and early 1970s, and during the tech boom of 2000".

- "The April employment report delivered a downside surprise for payrolls and threw a wrench into the recent wage momentum story".

However, franchise employment dropped 10,600 jobs in April, including a fall of 2,000 jobs in auto parts and dealers, ADP said. MarketWatch's Rex Nutting, meanwhile, says there's a more important number to pay attention to. Despite the long period of job expansion and the resulting tightening of the labor market, wages have not kept pace.

Economists interpreted symmetric to mean policymakers would not be too concerned with inflation overshooting the target.

After eight years of slow economic growth, America's economy has grown by 2.9 percent over the last four quarters, on its way to meeting President Trump's goal of 3 percent economic growth.

The NFIB report said 57 percent of responding small businesses said they were hiring or planning to hire in April, up from 53 percent in March.

These included professional and business services (up 54,000 jobs), manufacturing (up 24,000) and health care (up 24,000). Employment in mining has risen by 86,000 since October 2016. Furthermore, this year's gains have remained robust, with a remarkable average of 200,000 jobs added per month, even stronger than last year's average of 182,000.

President Trump celebrated the report.

Related News:



Most liked

Activision Blizzard, Inc. (ATVI) rose 4.16 percent over the previous month
KeyCorp set a $83.00 price target on Activision Blizzard and gave the company a "buy" rating in a research report on Wednesday. Activision Blizzard recently closed another exceptional quarter, with earnings up 29% over the same period previous year .

IPhone X Tops Q1 Smartphones List; Galaxy S9 Didn't Make Top 5
Top 10 players now capture 76% of the market thereby leaving 600+ brands to compete for the remaining 24% of the market. The iPhone X was the best-selling smartphone model, based on shipments, in the world during the first quarter of 2018.

Infinity War Director Confirms One Important Character May Still Be Alive
Avengers Infinity War , which is a threequel to The Avengers , brings together nearly all of the shared Marvel for the first time. Avengers: Infinity War has broken several records but it failed to beat Padmaavat's opening weekend collection of Rs 114 core.

Boys Scouts Are Set to Welcome Girls Next Year
Boy Scouts said on Wednesday that it would drop "boy" from its name in a bid to attract more girls to its program. UNITED STATES - The name "Boy Scouts" will be no more: the organization announced a huge change this morning.

'American Gods' season 2 in production, air date in 2019
The location is home not only to many unique collections but also serves as a backdrop to a pivotal moment in the series and book. SVP Original Programming Marta Fernandez and Manager of Original Programming Kathleen Clifford are the Starz execs in charge.

S. Korea to remove loudspeakers at border
Kim expressed "his resolution to unify the two times.as the first practical step for national reconciliation and unity ", it said. Mr Pompeo said at Mr Trump's direction, he spoke with Kim about the release of three USA citizens detained by North Korea .

Fortnite's Season 4 finally brings the fabled meteors
It seems like only yesterday thatPlayerUnknown's Battlegrounds was introducing gamers at large to the " battle royale " genre. The Season 4 Battle Pass is here sporting 100 tiers of awesome new rewards, including new cosmetic items, emotes and Sprays .

Former assistant to Robert Mueller: Leaked questions likely from the White House
In a second tweet, President Trump said: "It would seem very hard to obstruct justice for a crime that never happened". The lawyers want to resolve the investigation as quickly as possible, but there's no agreement on how to do that.

Joel Embiid On Game 1 Loss: "I Thought I Was Shitty"
Going up against a team like the Philadelphia 76ers , Terry Rozier is going to have to keep this up. Rozier noted his offseason preparation and hard work leading to performances like these.

Confusion Reigns Over Liverpool Assistant Manager's Position At The Club
In October, head physio Andy Renshaw was sacked, with a shake-up of the club's medical department expected in the summer. Along with Peter Krawietz , they have formed a close-knit triumvirate who arrived at Liverpool together in late 2015.

Ronny Jackson still on staff, White House says
Clearly, Jackson should have been vetted, just as any presidential nominee should head to Capitol Hill. The statement does not address whether he will continue as the top doctor at the White House.

Ryan Mocked for Ousting of House Chaplain
"We are seeking additional information regarding your decision to request the resignation of Reverend Patrick J. Conroy, the 60th Chaplain of the House of Representatives", the letter, which was obtained by CNN , states.

5 pick at NHL Draft Lottery
Arizona's longstanding curse with draft lotteries and coin flips continued on Saturday at the NHL Draft Lottery in Toronto . After months of waiting, the Montreal Canadiens finally know where they're going to be drafting at NHL Draft in June.

Cowboys Aquire Tavon Austin From LA Rams
They also selected Alabama running back Bo Scarbrough in the 7th round with the 236th overall pick. After restructuring his contract, Austin will cost the Cowboys $5 million next season.

House Intel Committee releases report on Russian Federation election meddling, clears Trump
Clinton, the report said, paid for research on Trump "using a series of cutouts and intermediaries to obscure their roles". Recently, the Democratic National Committee also sued the Trump campaign and Russian Federation , alleging collusion.