ICYMI: Job growth totals 253,000 in April, beating expectations.
gaining nearly 400 points, while Treasury yields jumped as well. The move higher followed a strong earnings report from Apple and a powerful rebound in banking stocks.
Despite serious banking industry troubles, jobs in finance increased by 23,000. Government hiring rose by 23,000. The unemployment rate tied a record low going back to May 1969. The jobless level for Blacks fell to a fresh record 4.7% and declined to 4.4% for Hispanics while holding at 2.8% for Asians. The rate for adult women was unchanged at 3.1%.
The economy also appears to be slowing toward a possible recession later in the year. Gross domestic product increased just 1.1% in the first quarter, largely on an inventory drawdown though there have been signs that consumer spending is weakening. Credit card spending, for instance, has declined 0.7% from a year ago, according to Bank of America.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Slower US job growth expected in April; unemployment rate seen rising to 3.6%US employers likely hired the fewest workers in nearly two-and-a-half years in April as the cumulative and delayed effects of higher interest rates start to impact a broad swath of the economy
Weiterlesen »
US job growth unexpectedly jumps in April as economy adds 253,000 new positionsThe April jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.
Weiterlesen »
US job growth beats expectations in April as economy adds 253,000 new positionsThe April jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.
Weiterlesen »
April hiring gains reflect a still-resilient US job marketAmerica’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.
Weiterlesen »
April Sees 253K Jobs Added, Reflecting a Still-Resilient US Job MarketThe unemployment rate dipped to 3.4%, matching a 54-year low, the Labor Department said Friday. The jobless rate fell in part, though, because 43,000 people left the labor force, the first drop since November, and were no longer counted as unemployed.
Weiterlesen »