Canadian April Employment Rises 3200, Unemployment Dips To 8-Year Low

This is not to say the administration can take credit or blame for the job market's performance: These are just the job gains that occur during Trump's presidency. Officials at the USA central bank also viewed the pedestrian 0.7 percent annualised economic growth pace in the first quarter as likely 'transitory and expected economic activity to expand at a 'moderate pace. In London, unemployment fell from 6% to 5.7%. In April, that number fell three-tenths of a point to 8.6 percent.

In the household survey, the unemployment rate dipped further to 4.4 percent, down from 4.5 percent in March.

A consensus of economists had expected the unemployment rate to stay at 6.7 per cent, according to Thomson Reuters. The U.S. dollar initially gained against a basket of currencies before turning flat.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.4 hours in April. The increase in US transportation sector hiring follows revised gains of 6,600 jobs in March and 7,600 positions in February and a 10,200-job loss in January.

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The unemployment rate for Canada dropped 0.2 percentage points. That's at least 50,000 fewer jobs than the industry's pre-recession high of 1.18 million jobs in May 2007.

In addition to more individuals joining the labor force this month, the number of unemployed individuals declined by 146,000 Americans, leading to a decline in the unemployment rate.

The participation rate hit its peak in 2000 or so, but has notably dropped since then. But although most economists think the labor market is at, or approaching, full employment, trouble spots remain.

In April, the participation rate edged down to 62.9 percent. Wage growth is expected to post a solid 2.6% gain.

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The employment-to-population ratio rose one-tenth of percentage point to a fresh eight-year high of 60.2 percent.

The 211,000 jobs figure beat Wall Street expectations of 190,000. Average hourly earnings were also up.

Trump's focus on creating more manufacturing jobs seems to be encouraging factory owners.

Unemployment hit its lowest level in nearly a decade, at 4.4 percent, but wage growth still hasn't hit the magic number of 3 percent that traditionally allows healthy hiring patterns to ripple through the rest of the economy.

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