Historically low unemployment rate trending down

US job market: even solid figures can be disappointing

If the unemployment rate is below this number, the economy is at full employment, businesses can not easily find workers, and inflation and wages typically rise.

The increase in hiring fell short of the 188,000 forecast of economists polled by MarketWatch, but the shortfall was cushioned by upward revisions that show the USA created more jobs in March than originally reported.

Employment gains were broad-based across industries, with largest increases in business services, health care, education, construction and manufacturing.

Workers at the NLMK Indiana steel mill in Portage, Ind., on March 15, 2018. Her father, President Donald Trump, has frequently touted in tweets and rallies the drop in black and Hispanic unemployment rates.

Today's report is very encouraging.

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Does this mean the economy is at full employment?

But the Alaska job market is still in the doldrums, with unemployment the highest in the nation at 7.3 percent, even while almost 9,000 people left in the past year. A decreasing unemployment rate would seem to be good news! Among them, there were over 5.5 million who wanted a job in 2017, according to the Bureau of Labor Statistics. "But my message to clients now is the more we get that kind of report going forward, the more I'm going to think we're closer to the end of the cycle". But the Labor Department, which released the latest jobs data Friday, revised its number jobs figures upwards for March. Over the year, the number of long-term unemployed was down by 340,000.

He hasn't stopped emphasizing the point since.

Claims did rise 2,000 from last week as the final week in April only saw 209,000 unemployment aid claims - the lowest recorded since December 1969. The Employment Cost Index, widely viewed by policymakers and economists as one of the better measures of labour market slack, showed wages rising at their fastest pace in 11 years during the first quarter.

"We would have liked to see more people getting jobs rather than people leaving", said Satyam Panday, senior economist at S&P Global Ratings. Many companies expect the economy to keep expanding, especially after a dose of stimulus from tax cuts signed into law by Trump that have also increased the federal budget deficit.

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