The surprising GDP boom in the first quarter doesn’t look like a fluke at all. Job creation had its biggest gain in April since the first of the year, adding 263,000 jobs and sending unemployment to a 49-year low. The latter might have more to do with the vagaries of the BLS Household survey, but don’t expect the White House to quibble with those details:
Total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, construction, health care, and social assistance. …Among other good news, the revisions for the last two months added 16,000 jobs to the 2019 total. . .
The unemployment rate declined by 0.2 percentage point to 3.6 percent in April, the lowest rate since December 1969. Over the month, the number of unemployed persons decreased by 387,000 to 5.8 million.
Among the major worker groups, the unemployment rates declined in April for adult men (3.4 percent), adult women (3.1 percent), Whites (3.1 percent), Asians (2.2 percent), and Hispanics (4.2 percent). The jobless rates for teenagers (13.0 percent) and Blacks (6.7 percent) showed little or no change.
US Hourly Earnings up 3.2% in the past year outpacing core inflation (YoY) for 77th consecutive month. Spread of 1.2% above inflation is highest level of expansion. #payrolls pic.twitter.com/VoZF2ID8XY— Charlie Bilello (@charliebilello) May 3, 2019
Drudge:
Hispanic Unemployment Lowest Ever...Best for women since 1953...Record jobs even for high school dropouts!No wonder Democrats are still banging the drum on Russiagate despite the Mueller disappointment.
Linked at Pirate's Cove in the weekly Sorta Blogless Sunday Pinup and linkfest.
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