Unemployment falls to 3.9% with 164,000 jobs created in April

0
209

The unemployment rate fell to 3.9% in April, the first time it has fallen by 4% since 2000, and the month in which 164,000 new jobs were created in the country, the government reported today.

The unemployment rate thus remains close to full employment, while the creation of 164,000 new jobs was slightly lower than what analysts expected.

Economists had anticipated that the US economy had generated about 190,000 jobs in April, however, this was the 91st month in which employment grows consecutively in the US, the longest run of bonanza in the labor market. that you have proof
The decrease to 3.9% occurs after six consecutive months in which the rate had remained at 4.1%.

For its part, the average wage increased by 4 cents an hour last month, equivalent to 0.1%, to stand at 26.84 dollars, which in the last year has increased by 2.6 % and it is expected to continue rising due to the momentum that remains in the labor market.

The labor force participation rate, the proportion of Americans who are employed or seeking employment, fell slightly from 62.9% to 62.8%.

With this new report of good health of the labor market, the possibilities increase that the Federal Reserve (Fed) carries out a new ascent of types of interest, at the moment between 1.5% and 1.75%, in its next June meeting. efe

Leave a Reply