Report | United States Employment Update - May 2017
April's 211,000 net new jobs were a return to the more robust growth rates seen over the past two years, although March figures were revised down once again to 79,000 jobs. Unemployment fell by 10 basis points to another cyclical low of 4.4 percent in April, aided by a combination of stronger job growth and fewer people entering and participating in the workforce. As a result, wage growth remains high, particularly in skilled areas such as information and professional services, but increasing inflation will begin to temper further spending.
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