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US unemployment figures at lowest rate since 1969

News Team, 07/05/2019

The US beat Wall Street expectations to hire 263,000 new individuals in April 2019, according to the US Labor Department.

Wall Street had predicted 190,000 new hires.

This led the country’s unemployment rate to fall to 3.6 percent from 3.8 percent in March, which is the lowest level since December 1969.

For adult men the unemployment rate is now 3.4 percent, while for adult women it is slightly lower at 3.1 percent.

A total of 5.4 million jobs have been added since January 2017.

Additionally, the average hourly wage has risen 3.2 percent in the past year, while prices have risen by 1.9 pe...


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