US employers added 211,000 jobs, rate fell to 4.4 per cent

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AP Washington
Last Updated : May 05 2017 | 6:57 PM IST
Hiring rebounded in April as US employers added 211,000 jobs, a sign the economy's sluggish growth in the first three months of the year may prove temporary.
The Labour Department says the unemployment rate ticked down to 4.4 per cent from 4.5 per cent, reaching its lowest level in a decade.
The figures suggest that businesses expect consumer demand to rebound after a lackluster showing in the first quarter, when Americans boosted their spending at the slowest pace in seven years.
Average paychecks grew more slowly, increasing 2.5 per cent over the past 12 months. That's below March's annual gain. Typically, employers are forced to pay more as they compete for a smaller pool of unemployed workers. Hourly pay gains are usually closer to 3.5 per cent in a strong economy.

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First Published: May 05 2017 | 6:57 PM IST

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