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Job growth bounces back in April

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Job growth bounces back in April

Job creation improves, but still less-than-robust; unemployment rate drops to 5.4%.

Total nonfarm payroll employment rose by 223,000 in April, and the unemployment rate decreased to 5.4%, the U.S. Bureau of Labor Statistics reported today.

Consensus estimates had expected an increase of 224,000 new jobs.

February and March figures were revised downward by a net 39,000 jobs created.

The historically low employment participation rate increased slightly to 62.8%.

Consensus estimates had expected an increase of 224,000 new jobs.

The number of unemployed persons was largely unchanged in April, coming in at 8.5 million.

In March, average hourly earnings for all employees on private nonfarm payrolls

increased 3 cents to $24.87. Over the year, average hourly earnings have risen by 2.2%.

The full report can be found here.

 

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