Jobs report: April job reports shocks with 253,000 jobs created, unemployment falls

[onthedarkside]

 

The April jobs report showed the US labor market remains robust, with more than a quarter million new jobs added to the economy last month as the unemployment rate fell to match its lowest level since May 1969.

 

The US economy added 253,000 nonfarm payroll jobs last month, with the unemployment rate unexpectedly dropping to 3.4%, data from the Bureau of Labor Statistics showed Friday.

 

Economists had expected the report to show nonfarm payrolls rose by 185,000 last month while the unemployment rate was forecast to rise to 3.6%.

 

https://finance.yahoo.com/news/april-jobs-report-may-5-2023-215956320.html

 

[candide]

Joe cannot stop winning!

[Tug]

Probably lots of them in the renewables sector construction and the engineering sectors all decent paying what a difference an election makes!

[Chomper Higgot]

Joe Biden getting America back to work again.

 

[placeholder]

I'm sure all patriotic Americans will be delighted by this piece of good news. And given America's importance in the world economy, sensible people throughout the world will be delighted as well. Well, except maybe lots of Russians.

[Mickeymaus]

And the FED increased the interest rate by only 0.25 % and might pause... But the FED is still much better than the ECB.

 

Edited May 7, 2023 by Mickeymaus

[BenStark]

10 hours ago, Mickeymaus said:

And the FED increased the interest rate by only 0.25 % and might pause... But the FED is still much better than the ECB.

 

The FED had no other choice than increase by only 0.25%, because of the bank crisis, which they created themselves by ignoring the obvious inflation for 2 years.

 

Anyone who thinks the US bank crisis is over, will be in for a surprise.

[Pink Mist]

Off topic posts and replies. The OP is not about Trump. The OP is:

Jobs report: April job reports shocks with 253,000 jobs created, unemployment falls