Economy at Milestone Unemployment

April brought the economy 164,000 jobs, and 3.9 percent unemployment—below 4 percent, and the lowest rate in roughly 20 years. Though the additional jobs were less than predicted, the figure is promising, analysts say. “The U.S. labor market continues to tighten, although job growth in April was 164,000—a little below expectations,” said Gad Levanon, chief […]

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February Jobs Impress

Fed Has Green Light February brought the economy an impressive 313,000 jobs and 4.1 percent unemployment, with average hourly wages up four cents to $26.75. Construction jobs, notably, rose by 61,000. “[These] employment numbers strengthen the view that the U.S. economy is still on a strong growth trajectory,” said Gad Levanon, chief economist for North […]

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July Jobs Report Signals Riper Conditions for Housing

The U.S. economy added 209,000 jobs in July, the Labor Department recently reported, flouting expectations and signaling riper conditions for the housing market. The unemployment rate retreated to 4.3 percent, a low, and hourly wages on average went up 0.3 percent to $26.36. “[July’s] strong jobs report showed some good news,” says Danielle Hale, chief […]

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