What You Need to Know About the April Jobs Report

06 May, 2018, 14:29 | Author: Billie Castillo
  • US adds 164000 jobs in April, unemployment drops to 3.9 percent

U.S. President Donald Trump hailed the drop in unemployment, which had held steady at 4.1 percent for six months, and has taken credit for the robust economy, which has been a bright spot amid an unbroken string of political scandals.

However, franchise employment dropped 10,600 jobs in April, including a fall of 2,000 jobs in auto parts and dealers, ADP said.

The Labor Department outlined the gains in its latest jobs report Friday, which showed the number of unemployed Americans was 6.3 million. The economy has added jobs every month for seven and a half years, the longest streak on record.

Employment gains were broad-based across industries, with largest increases in business services, health care, education, construction and manufacturing. The so-called U6 rate includes people who can only find part-time work and those who've gotten so discouraged they recently stopped looking.

Despite the ultra-tight jobs market, wages for American workers still aren't rising rapidly.

EPL: Brighton beat Manchester United to secure Premier League survival
Manager José Mourinho of Manchester United has said he's dropping Eric Bailly to give his other centre-backs a World Cup audition. His passes were too often square rather than forwards and incisive, and his final ball lacked precision when it truly counted.

Average hourly wages ticked up 4 cents in April.

Overall, the unemployment rate remains at its lowest point since December 2000. Average hourly earnings rose 0.1 percent last month after a 0.2 percent gain in March. "The unemployment rate fell because you had people leaving the labor force", she added. The Federal Reserve has an annual inflation target of 2 percent, and investors expect the Fed to raise rates at least twice more this year, after an earlier rate hike in March, to keep inflation from climbing too far above that target.

The increase in construction jobs was expected with the onset of warmer spring weather in much of the northern U.S. Still, of those 17,000 jobs, specialty trade contractors gained 11,000, nonresidential building grew 5,000, and residential building advanced almost 4,000. Both the African-American unemployment rate and the Hispanic unemployment rate are at the lowest level ever recorded. They also report that claims-taking procedures in Puerto Rico and the Virgin Islands had still not returned to normal after the areas are still recovering from Hurricanes Irma and Maria previous year.

Mining employment increased by 8,000 jobs during the month, but employment was little changed in construction, retail and wholesale trade, transportation and warehousing, financial activities and government, the BLS said. The average monthly gain has declined each year since 2014, but that's normal for an economy that's been in recovery for such an extended period. The idea is that lower unemployment means companies will have to start paying people higher wages as they compete over the dwindling supply of workers, which will then eat into their profits enough that they have to raise prices. "It would be more encouraging if the unemployment rate fell because more people got jobs", the report said.


  • Abortion outlawed in USA  state of Iowa

    Abortion outlawed in USA state of Iowa

    Earlier Friday, Planned Parenthood and the ACLU announced that they plan to sue Reynolds over the law's constitutionality. Iowa is now viewed as a leader among conservative-led statehouses that are working to enact new legislation on abortion.
    Why is May the Fourth Star Wars day?

    Why is May the Fourth Star Wars day?

    Some fans also take this reference back to 1979, just two years after the release of Star Wars: Episode IV - A New Hope. It's incredible to see Star Wars fans rally around the spirit of Chewbacca and UNICEF's lifesaving mission.
    Neil Gaiman shares American Gods season 2 first look as filming begins

    Neil Gaiman shares American Gods season 2 first look as filming begins

    SVP Original Programming Marta Fernandez and Manager of Original Programming Kathleen Clifford are the Starz execs in charge. The fans will get to see a lot of familiar characters on the show, as the war between the Old gods and the New gods starts.
  • Trump Comments On World Cup Bid Support Again

    Trump Comments On World Cup Bid Support Again

    The United States-Canada-Mexico bid could struggle to win over Russia and its allies in the June 13 vote of FIFA member federations in Moscow.

    Trump says 'retainer' to lawyer covered Stormy Daniels payment

    Such arrangements were "very common among celebrities and people of wealth", Mr Trump wrote on Twitter. An earlier report said Cohen's phones had been wire-tapped, but that was found to be false.
    Mike Pompeo takes oath as Secretary of State

    Mike Pompeo takes oath as Secretary of State

    Tillerson went unmentioned during Wednesday's brief ceremony, but Pompeo's contrasting status was on full display. Trump has been particularly disdainful of the work done by the State Department during the Obama administration.
  • GGG equals record after second round KO

    GGG equals record after second round KO

    Gennady "GGG" Golovkin is uncertain if he will get a rematch against Saul "Canelo" Alvarez in September, according to ESPN . Gennady Golovkin said his second-round knockout of Vanes Martirosyan wasn't meant to send a message to Canelo Alvarez .
    Red Sox place Eduardo Rodriguez on family medical leave list

    Red Sox place Eduardo Rodriguez on family medical leave list

    And his 68 career home runs out of the leadoff spot is just one behind Dom DiMaggio for the most in Red Sox franchise history. He is the first player in Major League Baseball history to have four games with three home runs before the age of 26.
    Joining Chorus of Criticism, Yad Vashem Slams Abbas Speech as 'Fundamentally' anti-Semitic

    Joining Chorus of Criticism, Yad Vashem Slams Abbas Speech as 'Fundamentally' anti-Semitic

    Liberal Jewish groups like J Street and American Friends of Peace Now said his remarks were incendiary and offensive. He added: "President Abbas has shown a commitment to non-violence and a two-state solution".
  • How Meghan Markle's Parents Will Participate in the Royal Wedding Day

    How Meghan Markle's Parents Will Participate in the Royal Wedding Day

    Business before pleasure! Prince Harry and Meghan Markle won't be jetting off to their honeymoon right after their wedding day . Kensington Palace said Harry and Meghan's first engagement as a married couple will be the week after the wedding.
    Fragment From 'Unknown' Dead Sea Scroll Revealed With Space-Age Imaging

    Fragment From 'Unknown' Dead Sea Scroll Revealed With Space-Age Imaging

    Although only a few letters survived in these small fragments, sometimes this was enough to reconstruct the text. One is from the Temple Scroll , while another has been identified as belonging to the Great Psalms Scroll .
    Breast Cancer scandal: 270 woman died after NHS computer error denied screenings

    Breast Cancer scandal: 270 woman died after NHS computer error denied screenings

    Women who are concerned about whether they had missed a screening can call 0800 169 2692. It is thought that women in Scotland , Wales and Northern Ireland were not affected.


LG wants you to ThinQ about its latest G7 smartphone
The phone will be powered by the latest Qualcomm Snapdragon 845 chip and will have an IP68 dust and water resistance rating. Users can launch the the Google Assistant by tapping the button once while tapping it twice will start the Google Lens .

Kuala Lumpur-Singapore named busiest global air route
Total passenger traffic on the route was more than 4.6 million, compared with about four million for Singapore-KL. The 30,537 trips is nearly equivalent of 84 flights a day in a city state with a population of just 5.6 million.

Kathy Griffin: Sean Hannity, Reince Priebus Are 'Going to Jail'
However, she believes that she did nothing wrong. "I wanted to make a statement about what a misogynist he is". I moved the line, then I crossed it, ' she said then.

West Ham fine Andy Carroll after early bench exit against Manchester City
I just believe strongly that everyone is part of the team and everyone has to show that all the time, especially at this time of the season.

Ex-VW CEO Winterkorn Charged by USA in Diesel-Cheating Case
The indictment of Winterkorn alleges that he was informed of VW's diesel emissions cheating in May 2014 and again in July 2015. Volkswagen settled criminal charges with the US Justice Department in 2017 and agreed to a US$4.3 billion payment.

Within Weeks Goldman Sachs Will Introduce Bitcoin Future Trading Operation
Despite the Goldman Sachs move into cryptocurrency, not all of the bank's executives are ready to jump into the deep end just yet. JPMorgan CEO Jamie Dimon famously called bitcoin a "fraud", but that opinion is not shared by The Goldman Sachs Group Inc .

Featured Stock Overview: QUALCOMM Incorporated (QCOM)
The stock has a market capitalization of $75,628.56, a price-to-earnings ratio of 13.30, a PEG ratio of 1.64 and a beta of 1.47. Finally, ValuEngine raised shares of QUALCOMM from a "hold" rating to a "buy" rating in a research note on Friday, February 2nd.

Champions League: Real Madrid reportedly 'losing sleep' over two Liverpool players
It has been football worth watching, played in a manner that gets the blood pumping and often leaves opposition punch drunk. On footballing matters, Milner struck a more serious tone, expressing his relief at Liverpool's progress.

White House lawyer Ty Cobb bows out amid Russian Federation probe
Among the tensest probes in that time was the House Judiciary Committee's inquiry into why the administration axed several U.S. According to the source, White House Counsel Don McGahn advocated for bringing Flood onto Trump's team.

President Trump is nominated for the Nobel Peace Prize
Eighteen Republican lawmakers have signed their names to a letter nominating President Donald Trump for the 2019 Nobel Peace Prize .