[ad_1]
No April rain was reported in Friday's employment report.
Instead, the US economy created 263,000 jobs last month, well above the 185,000 Wall Street expectations, bringing unemployment to its lowest level since 1969.
Wall Street celebrated the news as stocks rose on Friday.
MORE FOX BUSINESS
Here are some of the highlights of the April Work Report.
1. Unemployment rate at 50-year lows
The unemployment rate fell to 3.6% in April, the lowest rate since December 1969.
2. Most workers with a low unemployment rate
Unemployment rates fell in April for adult men (3.4%), adult women (3.1%), whites (3.1%), Asians (2.2%) and Hispanics ( 4.2%).
3. Where jobs grow the most
The business and professional services sector posted the strongest growth, creating 76,000 jobs last month. Followed by the health and education sectors, which created 62,000 new opportunities.
4. Retail trade declined
On the other hand, employment in the retail trade continues to fall dramatically, losing an additional 12,000 jobs after losing 15,000 jobs in March.
5. The number of people who have lost their jobs has also decreased
According to the report, the number of people who lost their jobs and those who completed temporary work decreased by 186,000 during the month to 2.7 million.
[ad_2]
Source link