Unemployment rate in the US falls to 3.6%

According to the analysts, this is the lowest value this indicator has obtained in the last 50 years

Figures published by the US Department of Labor said that in the region the unemployment rate fell to 3.6% in the month of April.

Analysts stressed that this is the lowest figure published since December 1969. The report could help dispel fears of a slowdown in the economy and encourage President Donald Trump who looks for his re-election next year.

In terms of job creation, the figure is around 263,000 jobs; a number well above the expectation that analysts handled (about 200,000 jobs).

As for compensation, April showed an improvement: the average hourly compensation climbed 3.2% year-on-year in April, marking the ninth consecutive month of increases of more than 3% once again over inflation and boosting power of buying Americans.

But, not everything is positive since the industrial sector showed a weak point, given that employment in the durable goods sector remained unchanged, while the automotive continued to eliminate positions.

K. Tovar

Source: Bancaynegocios

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