US Unemployment Rate Drops To 3.9%, Lowest In 17 Years
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May 4, 2018Great news on the economic front!
April’s jobs numbers are out, and it looks pretty good! According to the Labor Department’s Bureau of Labor Statistics, the unemployment rate has dropped to a 17-year low– 3.9%.
#JobsReport: 164,000 jobs added, unemployment falls to 3.9% https://t.co/wLThHFMBBA pic.twitter.com/iedDjHhcNn
— FOX Business (@FoxBusiness) May 4, 2018
164,000 jobs created in April as jobless rate ticks down to 3.9 percent
— Jamie Dupree (@jamiedupree) May 4, 2018
Specifically, 6,346,000 are unemployed and 155,181,000 are employed.
Job gains in February were revised down from 326k to 324k. March revised up from 103k to 135k
— Jamie Dupree (@jamiedupree) May 4, 2018
This is the first time the jobless rate has been under 4 percent since late in 2000 pic.twitter.com/XBTyQyeC3O
— Jamie Dupree (@jamiedupree) May 4, 2018
The U6 rate – the broadest measure of umeployment – dropped to 7.8% in April, lowest since July 2001 pic.twitter.com/1xldDjlUTW
— Jamie Dupree (@jamiedupree) May 4, 2018
But there were mixed signals as well – the Labor Force Participation Rate dropped to 62.8% in April pic.twitter.com/QoIq2RK5WA
— Jamie Dupree (@jamiedupree) May 4, 2018
That’s not great news, but the rest is. Check this out–
The number of employed women 16 and over broke another record in April, at 72,569,000, up from the record 72,548,000 in March.
Also in April, the unemployment rate dropped to 3.9 percent, also a 17-year low, and down from 4.8 percent when Donald Trump took office.
On top of that, the African American unemployment rate has hit a new low, hovering around 6.6 percent.
Among the major worker groups, the unemployment rate for adult women decreased to 3.5 percent in April. The jobless rates for adult men (3.7 percent), teenagers (12.9 percent), Whites (3.6 percent), Blacks (6.6 percent), Asians (2.8 percent), and Hispanics (4.8 percent) showed little or no change over the month.
In April, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.84. Over the year, average hourly earnings have increased by 67 cents, or 2.6 percent.
President Trump is pleased.
Because Jobs in the U.S. are doing so well, Americans receiving unemployment aid is the lowest since 1973. Great!
— Donald J. Trump (@realDonaldTrump) May 4, 2018
Not too shabby!
h/t CNS News
