Job growth totals 253,000 in April, beating expectations even as the U.S. economy slows
CONFIRMED94% CONFIDENCEHappened as dated, per cnbc.com[1]: "…ollowing the jobs report. " Wall Street opened sharply higher following the jobs news, with the Dow…"
Nonfarm payrolls increased 253,000 for April, beating Wall Street estimates for growth of 180,000.
The unemployment rate was 3.4% against an estimate for 3.6% and tied for the lowest level since 1969.
Average hourly earnings rose 0.5% for the month and increased 4.4% from a year ago, both higher than expected.
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