U.S. job growth surged in April and the unemployment rate dropped to a more than...
- U.S. job growth surged in April and the unemployment rate dropped to a more than 49-year low of 3.6 percent, pointing to solid economic growth.
FILE PHOTO: A man walks into register at a military job fair in Sandy, Utah, U.S., March 26, 2019. REUTERS/George Frey** Total payrolls rose 263,000 vs 185,000 estimate and downwardly revised 189,000 prior ** Private payrolls rose 236,000 vs 180,000 estimate and downwardly revised 179,000 prior ** Average hourly earnings rise 0.2 pct month-to-month vs 0.3 pct estimate and upwardly revised 0.
** Average hourly earnings rise 3.2 pct year-over-year vs 3.3 pct estimate and unrevised 3.2 pct prior** Household survey: Workforce contracted by 490,000; employed fell by 103,000; unemployed fell by 387,000BONDS: 2- and 10-year Treasury yields drop after an initial move higher
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