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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: one_less who wrote (855305)5/8/2015 1:41:33 PM
From: tejek  Read Replies (1) | Respond to of 1578372
 
U.S. Unemployment Falls to Lowest Level Since May 2008

April’s job-creation score was better, March was worse, and the U.S. jobless rate crept closer to the Federal Reserve’s moving target for full employment.

The 223,000 increase in payrolls last month followed a revised 85,000 gain in March that was the smallest since June 2012, figures from the Labor Department showed Friday in Washington. The jobless rate fell to 5.4 percent, the lowest since May 2008, from 5.5 percent.

Stocks and bonds rallied as the figures indicated the economy was settling into a moderate pace of growth after a first-quarter slump. Wages remained a sticking point, with last month’s gain falling short of the median forecast in a Bloomberg survey, indicating Fed policy makers can take their time to raise the benchmark interest rate.