Hey Bartender! U.S. Job Gains Rebound as Unemployment Falls to 2007 Levels (Hourly Earnings Slow To Levels Seen At End Of Great Recession)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.
Another good news and bad news jobs report from the Bureau of Labor Statistics.

First, the good news. 211k jobs were added in April. And the U-3 unemployment rate fell to 4,4%, the lowest since May 2007. Since The Fed so heavily leans on the U-3 unemployment rate to guide their rate hike decision, this should be compelling information for the next FOMC meeting.

This post was published at Wall Street Examiner by Anthony B Sanders ‘ May 5, 2017.