3 things to know about the April 2017 jobs report
Job gains rebounded in April and the unemployment rate fell to the lowest since May 2007, according to new BLS jobs report.
THE U.S. ECONOMY ADDED 211,000 JOBS IN APRIL, BEATING EXPECTATIONS.
The U.S. economy added 211,000 jobs in April — exceeding the 185,000-190,000 that economists were expecting — and the unemployment rate fell to a notable 4.4 percent, the lowest since May 2007, according to a new jobs report released this morning by the BLS.
Three things to know from today's BLS report.
1.Job gains rebounded. Compare the April gains of 211,000 to the originally reported 98,000 but since revised 79,000 gains in March.
According to The New York Times: "Analysts forecast better hiring in April after a disappointing showing below 100,000 in March, but the strong growth was even better than expected."
According to Reuters: "U.S. stocks rose slightly on Friday after a robust April jobs report reaffirmed the strength of the labor market."
2.What about wages? Wondering what progress, if any, has been made in terms of wages?
According to Yahoo Finance: "Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The annual increase in wages, however, disappointed with wages up just 2.5% over the same month last year. Economists had expected a 2.7% increase in wages over the prior year."
3.Industries leading the way. According to the BLS report, some of the big winners in April were leisure and hospitality (which added 55,000 jobs), health care and social assistance (which added 37,000 jobs), financial activities (which added 19,000 jobs) and mining (which added 9,000 jobs).