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US adds 253,000 jobs in April, exceeding expectations
The Hill ^ | 05/05/2023 | KARL EVERS-HILLSTROM

Posted on 05/05/2023 7:02:02 AM PDT by ChicagoConservative27

The U.S. economy added 253,000 jobs in April, surpassing analyst forecasts of 180,000 new jobs, according to Labor Department data released Friday.

The unemployment rate remained historically low at 3.4 percent, down from 3.5 percent the previous month.

The jobs report reveals that the economy is slowing, but the labor market remains surprisingly robust.

The unemployment rate for Black Americans dipped slightly to 4.7 percent, a record low. That’s a huge recovery from the onset of the pandemic, when the Black unemployment rate spiked to 16.8 percent in May 2020.

Wage gains also came in slightly stronger than expected. Hourly earnings rose 0.5 percent in April and are up 4.4 percent over the last 12 months

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: april; jobs; us
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To: Mouton

Yea...its all three card monte

“Wage gains also came in slightly stronger than expected. Hourly earnings rose 0.5 percent in April and are up 4.4 percent over the last 12 months”

But inflation was still 5% in March so real wage gains are still negative.


21 posted on 05/05/2023 8:31:33 AM PDT by MrRelevant
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To: ChicagoConservative27
It will be revised in a month.

Yep, IIRC they just revised Feb and March.

22 posted on 05/05/2023 8:36:05 AM PDT by rockabyebaby (THE BEST IS YET TO COME - (PRESIDENT DONALD J. TRUMP))
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To: ChicagoConservative27
"The jobs report reveals that the economy is slowing, but the labor market remains surprisingly robust."

Bull-crap.

23 posted on 05/05/2023 8:43:39 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: ChicagoConservative27

Unfortunately they are all immigration officers for processing asylum claims.


24 posted on 05/05/2023 9:19:11 AM PDT by Petrosius
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To: ChicagoConservative27

And, the vast majority of those jobs are those lost when the lockdowns started and BeijingBiden doubled down on them.

No jobs were created. Just re-instated.


25 posted on 05/05/2023 9:24:47 AM PDT by bobbo666 (Baizuo)
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To: ChicagoConservative27
It will be revised in a month..

Today on Varney's show, the guest they had on said that the jobs numbers for the last two months had been revised downward. So, I expect this number to be revised as well.

This was a common practice during the Obama administration, so we shouldn't be surprised that Joe is continuing to use it.

26 posted on 05/05/2023 9:57:36 AM PDT by LibertarianLiz
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To: ChicagoConservative27

The Ministry For Production announced the ninth over fulfillment of The Four Year Plan!

Spontaneous demonstrations of joy have broken out all over Oceania in praise of Big brother’s leadership!


27 posted on 05/05/2023 11:45:30 AM PDT by jmacusa (Liberals. Too stupid to be idiots. )
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To: ChicagoConservative27

NOT buying those numbers.


28 posted on 05/05/2023 12:51:46 PM PDT by ridesthemiles
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