Unemployment Rate for Women Falls to Lowest Since 1953

A street vendor sells chicharrones- fried pork cracklings- in Downtown Los Angeles

A street vendor sells chicharrones- fried pork cracklings- in Downtown Los Angeles

Non-farm payrolls expanded by 263,000 jobs in April, ahead of forecasts of a gain of 185,000, the US Department of Labor's employment report showed. "A likely factor is that steady job growth and solid wage increases have enlarged Americans' paychecks".

The unemployment for women fell below 4 percent in March 2018 for the first time since the dot com boom in 2000.

As the second quarter began, employers scooped up workers in construction, health care, computer systems design, administrative support and other service industries, adding a total of 263,000 net new positions for the month, the data showed.

Mark Zandi, chief economist of Moody's Analytics, said the latest report "overstate the economy's strength, but they make the case that expansion continues on".

Rasmussen reported its tracking poll on Friday showed 50 percent of likely USA voters approve of President Trump's job performance. "Wages may have been slightly tepid this month relative to expectations but are still growing at just about the highest rate this cycle, and the unemployment rate is at multi-generational lows".

The April jobs report is out, and the numbers look very good.

A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, was unchanged at 7.3% in April.

The labour force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell to 62.8 percent in April from 63.0 percent in March.

But hiring in the manufacturing sector was weak spot for the third straight month, ending last year's long growth streak. Orders to US factories for long-lasting capital goods jumped in March by the most in eight months. Financial services also continued to add employees. Prior to April's report, the consistent unemployment rate suggested that workers are jumping back into the workforce to fill open jobs, rather than the workers who are now collecting unemployment welfare, according to WSJ.

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