Almost nine years into the recovery, the job market keeps delivering: The government said Friday that employers added 164,000 jobs in April - the 91st straight month of hiring growth, the longest such streak on record.
The unemployment rate dropped below 4 percent in April for the first time since 2000.
"The moderation in job gains over the past two months may mark the beginning of the slow deceleration to a sustainable pace of job gains, which we estimate to be around or a little below 100,000 per month", said Michael Feroli, an economist at JPMorgan in NY. Many employers have said how hard it is to find qualified workers. Walmart's minimum wage hike to $11 an hour has contributed to the same kind of dynamic early this year.
The average hourly wage rose by 2.6 percent year-over-year, maintaining a slow pace of growth, according to forecasts. Some analysts warn that wage growth in the USA remains relatively weak, suggesting that the United States labor market may be less healthy than it appears. That left the annual increase in average hourly earnings at 2.6 percent. But a deeper look into the numbers suggests that it was April's 236,000 decline in the labor force that caused the unemployment rate to dip so low. Total employment increased by 164,000 people. Initially, the agency showed the sector adding jobs in March, but Friday's release shows that employment in the industry remained flat at 1,135,500 jobs in both February and March. Although there was an increase in wages, we would like to see more wage growth. That means the U.S.is at full employment - and that wages should be going up.
April is the 91st consecutive month of job gains which is, by far, the longest streak of increases ever recorded.
First off, there's the reason unemployment dropped: Because Americans are dropping out of the workforce, as opposed to an increase in the number of workers with jobs, as Dean Baker, economist at the Center for Economic and Policy Research, points out.
Overall, the job gains occurred in professional and business services, manufacturing, health care, and mining categories.
Many economists say the unemployment rate is now so low that wage growth should begin to climb this summer, since employers will face more pressure to boost pay in order to hire workers.
Economists expect the unemployment rate will drop to 3.5 percent by the end of the year. "Compensation has become a major issue for many employers, given the current economic climate and competitive market".
"The shortage of qualified workers is clearly holding back even stronger economic growth", NFIB Chief Economist Bill Dunkelberg said.
The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued. The rating was maintained by Mizuho on Wednesday, August 5 with "Buy". $6.15M worth of Activision Blizzard , Inc.
Still in the early stages of his return from debilitating back trouble, Woods said the more he plays, the better he feels. Luke List ($7,400): He has been on of the best players on Tour this season, now ranking 11th in FedEx cup points.
The company was able to amass the database quickly with the help of an app that appeared to be a personality test. The firm was accused of improperly obtaining personal information on behalf of political clients.
Amazon , on its own, has committed investments to the tune of Dollars 5 billion for its operations in India. The global e-tailer has made a formal offer to buy a 60% stake in Flipkart on Monday, sources said.
The Chinese regime planned to "punish" Taiwan by snatching away the democratic island nation's last remaining diplomatic allies. However, Taiwan has struggled to compete with an increasingly wealthy and powerful China.
Besides the short putts he missed at 14 and 16, Woods also made bogey with a wedge in his hand on the par-5 10th hole. The greens aren't quite as fast as I remember but they are more hard . "I just didn't make anything today".
Asked whether there were other options, her spokesman said: "Work has been ongoing on two options, that work has been proceeding". President Donald Trump meets with British Prime Minister Theresa May during the U.N.
But some traders had expected the Fed to clearly signalwhether it will pull the trigger on two or three more rate hikes this year. The euro area economy expanded at a slower pace in the first quarter, preliminary flash estimate from Eurostat showed Wednesday.
That was confirmed Thursday afternoon by White House Press Secretary Sarah Sanders and State Department spokesman Heather Nauert. Rudy Giuliani, Trump's new main lawyer, told Fox News Channel that Pyongyang would release them as early as Thursday.
Mr Hunt confirmed work is ongoing between the United Kingdom and Welsh governments to ensure the letters are sent out to everyone. He announced an independent review and apologised "wholeheartedly and unreservedly" to the women and their families.
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Gas prices hit highest point since 2014
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Apple sold 52.2 million iPhones during the quarter
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