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U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.
The Labor Department’s closely watched employment report on Friday also showed wages barely rose last month, which may ease concerns that inflation pressures are rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening.
“Fed officials can rest easy that there is not any wage-based inflation on the horizon,” said Chris Rupkey, chief economist at MUFG in New York. “There is no need to speed up the path of interest rates because inflation isn’t heating up in a worrisome manner.”
originally posted by: DerBeobachter
Oh, we have lower unemployment rates from month to month since years in germany, according to those responsible and the MSM.
But we also know the truth about these numbers, how it comes to them. With lying, tricking around. We know that almost nobody of the average population can live from these wonderful jobs anymore, sometimes even not with two or three of them. This happens if you split one healthy job into three slave wage jobs, for the profits of the industry, the employers, the rich and those responsible for the wonderful unemployment rates. To save banks and to fool the people!
But hey, some people eat everything their Führers tell them...
originally posted by: IAMTAT
a reply to: xuenchen
***U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.***
The unemployment rate includes anyone 16 or older who is actively searching for work in its calculation , which means students, retirees and others not in the labor force are excluded.
the idea of full employment is that so few workers are available that companies need to begin raising wages to attract help.
Economists technically define full employment as any time a country has a jobless rate equal or below what is known as the “non-accelerating inflation rate of unemployment,” which goes by the soporific acronym NAIRU.
In other words, full employment isn’t when everyone has a job. Instead, it is when inflation starts to rise because businesses cannot find enough workers.
Lack of wage acceleration is the main surprise in jobs report, economists say
Labor Force Statistics from the Current Population Survey
originally posted by: Metallicus
a reply to: xuenchen
This should be the main story here on ATS. This is great news for my fellow citizens.