Friday, May 5, 2017

April's Jobs Report

The economy bounced back strong in April, adding 211,000 jobs after a disappointing March. The headline unemployment rate ticked down to 4.4 percent, the lowest it's been since prior to the recession.

The March figure, already low at 98,000, was revised down to 79,000 jobs added on Friday. But all told, the economy has added an average 185,000 jobs a month in 2017, roughly matching last year’s pace.

The broader measure of unemployment known as the “U-6” rate fell to 8.6 percent, the lowest it's been since November 2007. This rate takes into account not only unemployed workers, but also Americans who are too discouraged to look for work and part-timers who would prefer full-time work.

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