US Job Growth Bounces Back; Unemployment at 10-Year Low

Labor News

AP

Reprinted from The New York Times by Patricia Cohen on May 5, 2017.

Job growth recovered in April, according to data released on Friday by the Labor Department, providing a reassuring economic snapshot after weak numbers in March.

• An impressive 211,000 jobs were added last month, bringing the three-month average up to 174,000.

• The unemployment rate was 4.4 percent, down from 4.5 percent in March and the lowest rate in more than 10 years.

• The average hourly wage grew by 0.3 percent, though year-over-year growth ticked down to 2.5 percent.

• The broadest measure of unemployment, which includes people who are working part time or have dropped out of the labor market, was down sharply, to 8.6 percent, from 8.9 percent.

NY Times 5/5

About Jeffrey Burman 1480 Articles
Jeff Burman represents assistant editors on the Guild’s Board of Directors. He can be reached at jeffrey.s.burman.57@gmail.com.

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