Tag: Unemployment Rate

U.S. Jobs SOAR Past April Expectations, Unemployment Rate Falls to 3.6%

The United States added 263,000 new jobs to the market and the unemployment rate fell to 3.6 percent–the lowest in a generation, according to CNBC.

Wall Street predicted only 190,000 new jobs and a 3.8 percent unemployment rate.

CNBC reports:

Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. The monthly gain was 0.2%, below the expected 0.3% increase, bringing the average to $27.77. The average work week also dropped 0.1 hours to 34.4 hours.

**LISTEN: Do NOT miss Dan’s interview with George Papadopoulos today**

The last time the unemployment rate was this low was in December of 1969 when it hit 3.5%

U.S. worker productivity also increased 3.6 percent in the last quarter–the strongest pace since the third quarter of 2014.

Economists had predicted a 2.2 percent productivity rate.

For the full report click HERE.

 

304,000 U.S. Jobs Added in January, Only 170,000 Were Expected

January marked the 100th straight month of employment gains after employers added 304,000 jobs in January, exceeding Wall Street’s expectations of 170,000 jobs.

Average hourly earnings rose by 3 cents to $27.56 and the labor force participation rate rose to 63.2 percent. The unemployment rate rose slightly from 3.9 to 4 percent, largely due to the government shutdown.

Fox Business reports that the positive economic news is “indicative that despite recent geopolitical turmoil — US-China trade tensions and uncertainty over the Brexit deal in Europe — the U.S. economy will manage to shake off any market volatility, according to Josh Wright, the chief economist for iCIMS and a former Federal Reserve staffer.”

**LISTEN: Dan discusses the latest, incredible jobs numbers**

The latest jobs news comes after a report earlier this week that the private sector added 213,000 jobs in January, exceeding expectations of 178,000 jobs. The jobs number contradicts experts who predicted the government shutdown could negatively impact private employment.