A Blockbuster Jobs Report
The US employment engine continues to create jobs in strong numbers. The labor market added 263,000 jobs in April, following strong growth of a revised 189,000 jobs added in March. The unemployment rate also indicated a strong economy, dropping from 3.8 percent in March to 3.6 percent in April. The April unemployment rate is the lowest in nearly 50 years. Wage growth remained constant at 3.2 percent in April.
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