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,…

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