Job creation in April bounced back from a disappointing March, with nonfarm payrolls growing by 211,000 while the unemployment rate fell to 4.4 percent, its lowest since May 2007.
Economists surveyed by Reuters had been expecting payroll growth of 185,000 and the headline jobless rate to tick up one-tenth to 4.6 percent. The payroll increase nearly tripled the dismal March number.
Market experts believe the report likely cements an imminent interest rate hike.
Wages grew seven cents an hour to an annualized pace of 2.5 percent.
The unemployment rate dropped even as the labor force participation rate edged lower to 62.9 percent. The employment-to-population ratio increased to 60.2 percent, its best showing of 2017 and the highest level since February 2009. Read more at CNBC.
{Matzav}
But we were told by the corrupt DNC controlled media that if Trump would be allowed to steal the election with the help of his Russian friends, the economy would tank and everyone would become homeless and be forced to scrounge around for food by public dumpsters. What happened? Nanci Pelosi & Chuck Schumer lied to us?! This report is obviously fake news and was put out by those evil white racist Republicans in order to make Trump look good. Pheh.