Unemployment Hits 50 Year Low, Lowest For Women Since 1953
U.S. employers added 263,000 workers as unemployment hits 50-year low.
The wage growth is also strong average hourly earnings have grown 3.2 percent over the past year. This latest news, released by the Department of Labor, shows that President Trump’s tax cuts and Republican regulatory relief are continuing to have positive effects on our U.S. economy.
CNBC’s Ylan Mui reported that the April jobs report showed unemployment at the “lowest rate since December 1969” amidst other record stats.
The U.S. economy added 263,000 jobs in April while the unemployment rate fell to 3.6 percent, making March the 103rd straight month of job growth, according to Department of Labor data released Friday.
Economists predicted 190,000 jobs would be added and the unemployment rate would hold at 3.8 percent, according to The Wall Street Journal.
Jobs numbers for March were revised down from 196,000 to 189,000, according to the Bureau of Labor Statistics report. The unemployment rate is at its lowest level in 50 years since December 1969, CNN reports.
Jobs growth has come back strong after February, when just 33,000 jobs were added. The U.S. economy added more than 500,000 jobs the two months prior to February. More
This is great news! I’ll have to turn on CNN and get all the details. Naw, just kidding; CNN will totally ignore it. The growth rate of the economy would be above 5% and the unemployment rates would be below 3% were it not for the sabotage of America by the crooked Democrats and MSM.