Employers Added a Modest 164000 Jobs in April

Donald Trump

The U.S. unemployment rate has dropped two-tenths of a point to 3.9%.

The drop in the unemployment rate may be partly explained by a contraction in the labour force (data showed that 236,000 Americans exited the labour force in April).

Healthcare continues to hire more people, adding 24,000 jobs last month and 305,000 over the a year ago. "So, there was a lot of slack in the economy", said Dr. Keith Gilsdorf, an economics professor at Augsburg University in Minneapolis. Most of the gain was in the durable goods component, with machinery adding 8,000 jobs and employment in fabricated metal products continuing to trend up (+4,000). Only the 1990s expansion was longer.

And although millennials constitute 35 percent of America's workers, they're more likely than previous generations to have attended college - and less likely to have picked up a trade at vocational school. That was during the middle of World War II, when millions of men were drafted to fight and their jobs were filled by women. The unemployment rate should not be treated as a tell-all for the health of our economy.

"There's still hundreds of thousands of more people who will enter the workforce", he said.

President Trump is aiming to get the economy at least growing at a consistent three percent.

Ford's awesome vehicle window helps the blind 'see' the scenery
The idea is to allow the passenger to touch the screen and imagine in their mind the landscape or other items in front of them. The visually impaired user can then run their hands across the window and feel what the outside looks like.

At the moment, the Congressional Budget Office puts NAIRU at 4.6 percent, a little above the 3.9 percent unemployment rate. The last time it was lower than that was 1969. Average hourly earnings rose 2.6 percent from a year ago.

In a report from CNBC, claims were numbered at 225,000 in the latest week polled, a less-then-expected number from economic analysts from the preceding week. Walmart's minimum wage hike to $11 an hour has contributed to the same kind of dynamic early this year.

In April, only 3.9 percent of Americans who were looking for work couldn't find it, according to the jobs report released by the Labor Department Friday. "Slack is getting absorbed" but "the process of that translating into faster wages has been slow".

The U.S. central bank on Wednesday left interest rates unchanged and said it expected annual inflation to run close to its "symmetric" 2 percent target over the medium term. That was also slightly below expectations. The sectors gaining jobs in April tended to be in the higher-paying sectors that support the office real estate market and home sales. But auto manufacturing, government and wholesale trade all shrank. Since a recent low in October 2016, employment in mining has risen by 86,000. The slowdown last month followed an increase in employment growth that managed to reach 313,000 new jobs.

President Trump celebrated the report. "The big thing for me was cracking 4 [percent unemployment]".

In 1970, midway through President Richard Nixon's administration, crude oil cost $3.18 a barrel - the highest price in almost a century, according to the U.S. Energy Information Administration.

Related news:

Hot News

isis-killer-beheading-video-story-top Kanu to attend Arsene Wenger's last home game against Burnley
May 04, 2018 - 14:19
The Frenchman's last Premier League home game at the Emirates stadium will be against 7th placed Burnley on Sunday, May 6. Lindelof endured a slow start to his United career after a £31 million move from Benfica last summer.

isis-killer-beheading-video-story-top Twitter finds password bug, tells users to change password
May 04, 2018 - 14:19
If you talk to anyone who has a semblance of OpSec finesse, the "informed" decision would be to change every password immediately. Users also have the option to add two-factor verification to have an extra layer of protection for their accounts .

isis-killer-beheading-video-story-top The Fed keeps the guys but sees inflation closer to the target
May 04, 2018 - 14:19
It held short-term rates unchanged at 1.5% to 1.75%, but that will change, soon, probably at the Fed's meeting in mid-June. Even if Trump's selections all win approval, he would still have one more vacancy to fill on the seven-member board.

isis-killer-beheading-video-story-top Mookie Betts Sets New Red Sox Record With Fourth Three-Homer Game
May 04, 2018 - 14:19
Fernando Romero won his major league debut by scattering four hits over 5 2/3 innings of the Twins' 4-0 shutout of the Blue Jays. CHICAGO - Nolan Arenado hit two of Colorado's four homers and drove in five runs, lifting the Rockies to the road win.

isis-killer-beheading-video-story-top Big guns give Wells Fargo a pre-major feel
May 04, 2018 - 14:17
The course also underwent a series of renovations in anticipation of last year's PGA Championship and the 2021 Presidents Cup. Harman made his debut in the Dell Technologies Match Play this year and beat Rory McIlroy , 5 and 3, to win his group.

isis-killer-beheading-video-story-top Flipkart board clears 75% stake sale deal with Walmart for $15 billion
May 04, 2018 - 14:16
Walmart Inc.is seeking to acquire Flipkart with a 73% stake in the company, according to a report from FactorDaily . Despite a board approval, Bloomberg reports that the terms of the deal could change and a deal isn't certain yet.

isis-killer-beheading-video-story-top Brexit War Cabinet To Hold Crunch Meeting On EU Customs Deal
May 03, 2018 - 16:59
Last night the BBC reported that Mrs May had asked officials to draw up revised plans for post-Brexit customs arrangements. The Prime Minister has proposed two alternatives - but ministers are split over which solution to go with.

isis-killer-beheading-video-story-top At least 8 officers injured in SWAT standoff, explosion in North Haven
May 03, 2018 - 16:59
They were members of the regional tactical team, and included five from East Haven, three from North Haven, and one from Branford. After the explosion, firefighters were still working more than an hour later to get the flames under control.

isis-killer-beheading-video-story-top Tesla Model Y won't be here until 2020
May 03, 2018 - 16:58
The main bottleneck appears to be in the battery module line. "I'm pretty excited about how we're designing Model Y. Tesla said that for the period ending March 31, it lost $4.19 a share, on revenue of $3.41 billion.

isis-killer-beheading-video-story-top Netanyahu blasts Abbas for making "anti-Semitism" remarks on Holocaust
May 03, 2018 - 16:57
On Monday, the Palestinian president blamed the Holocaust and anti-Jewish pogroms throughout history on the Jews themselves. The United States' ambassador to Israel , David Friedman, condemned Abbas' statements , calling them a " new low".

isis-killer-beheading-video-story-top Almost 30 injured after blast at north London Jewish festival
May 03, 2018 - 16:56
Hatzola , a Jewish volunteer ambulance service in London , worked alongside London Ambulance Service to treat victims. Dramatic footage shows a large crowd gathered around a bonfire before it erupted into a fireball.

isis-killer-beheading-video-story-top Christian addiction specialist welcomes new ban on cheap alcohol
May 02, 2018 - 02:06
By targeting cheap alcohol, she said minimum pricing would discourage youngsters from drinking by making it less affordable. Health campaigners argue when the price of alcohol goes down, consumption of alcohol goes up.

isis-killer-beheading-video-story-top Snap CEO Evan Spiegel Stands By Redesign Despite Rocky Q1 Results
May 02, 2018 - 02:04
Revenue came in at $231 million, 25 percent higher than a year ago but well below Wall Street's expectation for $244 million. Snap's hotly contested redesign had a material negative impact on revenue, the company said in its Q1 earnings report.

isis-killer-beheading-video-story-top Angels' Shohei Ohtani might not face Yankees' Masahiro Tanaka
May 02, 2018 - 02:02
Ohtani is 2-1 with a 4.43 ERA in four starts as a pitcher for the Angels. "We don't know yet", Scioscia said of his start. Roberts said he felt Bellinger should've tried for a triple on a ball he hit into the alley at San Francisco.

isis-killer-beheading-video-story-top EPL: City close on record, United beat Wenger
May 02, 2018 - 02:02
We will find out in the future. "I wanted to challenge them, I wanted to do better, so I'm disappointed". We are going to try to do it next Sunday.