Employers Added a Robust 211000 in April

by Ben Pena May 12, 2017, 0:34
Employers Added a Robust 211000 in April

America added a solid 211,000 jobs in April, far surpassing the disappointing 79,000 jobs gained in March, according to Labor Department figures released Friday.

Meanwhile, employment in Canada as a whole grew by only 3,200 jobs last month, making B.C. one of only two provinces to report a noticeable increase in jobs. The April expansion in employment was fairly broad based, including some sectors that drive commercial space usage, such as financial activities, along with leisure and hospitality, health care, and mining (which reflects some expansion in the energy sector).

United States jobs growth made a massive recovery in April as the unemployment rate fell to 4.4%.

In the week ending April 29, initial claims for unemployment insurance fell 19,000 to 238,000.

Perhaps even more interesting, racial disparities continue to thrive, even with the-albeit slowly-falling unemployment rate. "The Fed will respond accordingly".

This provided new evidence that March's weakness was just a one-off incident and would not keep the U.S. Federal Reserve Bank from increasing their interest rates during its upcoming meeting.

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Goods-producing industries added 4,200 jobs, led by increased hiring in the agriculture and natural resources sectors. The number of Americans not participating in the labor force increased from 94,213,000 in March to 94,375,000 in April.

The unemployment rate for installation, maintenance and fix occupations increased 0.7 points to 7.6 percent.

The U.S. economy expanded at an anemic 0.7 percent annual rate from January through March as hesitant consumers increased their spending at the slowest pace in more than seven years.

The jobless rate has dipped below six per cent a few times over the past ten years, but hasn't been this low in a decade.

The unemployment rate continued to fall and rising wage growth coupled with job gains indicate an economy on the rise. But some economists have anxious that numerous jobs being added are low-wage, low-skill positions.

Compared to 12 months earlier, there were 276,000 (+1.5%) more people employed and the unemployment rate was 0.6 percentage points lower for the country.

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