April NFP +223,000

The Labor Department said the U.S. economy created 223,000 net new jobs last month. That was pretty close to what analysts had been expecting. The unemployment rate fell to 5.4% which is a seven-year low. The jobless rate is now lower than it was at any time between July 1974 and March 1988.

The NFP figure for March was revised lower by 39,000. That was weak to begin with and it got weaker. The number for February was revised higher by 2,000.

Average hourly earnings rose just 0.1%, and the March figured was revised down from 0.3% to 0.2%.

Posted by on May 8th, 2015 at 8:48 am


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