U.S. jobs top forecast at 263K gain; wages miss estimates

UNITED STATES payrolls climbed by 263,000 in April. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
UNITED STATES payrolls climbed by 263,000 in April. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
PROVIDENCE – The United States economy accelerated its rebound from a recent soft patch as unemployment unexpectedly fell to a fresh 49-year low amid surprisingly strong hiring and cooler-than-projected wage gains, suggesting the hot labor market can extend its run. Payrolls climbed by 263,000 in April after a downwardly revised 189,000 advance the prior month,…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -