The Labor Department reported a gain of 428,000 jobs in April, along with a 5.5 percent increase in average hourly earnings from a year earlier.
Tag: United States Economy
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Unemployment Is Low. That Doesn’t Mean the Economy Is Fine.
Recessions begin when the jobless rate is low.
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The Stock and Bond Markets Don’t Yet Know How to Cope With the Fed
Head-spinning volatility in financial markets isn’t all that puzzling when you consider the problems the Federal Reserve is grappling with, our columnist says.
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April Jobs Report: Gain of 428,000 Shows Vibrant Labor Market
The Labor Department report also showed a 5.5 percent increase in average hourly earnings from a year earlier.
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Workers are returning, just not as fast as employers want to hire them.
After lagging earlier in the recovery, the labor force has rebounded strongly in recent months. But job openings are rising even faster.