Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians
April's nonfarm payrolls report beat expectations, and the unemployment rate declined across the board.
April's nonfarm payrolls report beat expectations, and the unemployment rate declined across the board.
See which sectors gained, and lost, the most jobs in April.
Nonfarm payrolls were expected to increase by 180,000 in April, according to Dow Jones.
Private payrolls growth was above the downwardly revised 142,000 the previous month and well ahead of the Dow Jones estimate for 133,000.
Turmoil in the banking sector means central banks face in increasingly "delicate dance" in their efforts to rein in inflation, World Economic Forum Managing Director...
The JOLTS report showed that job vacancies totaled 9.59 million for the month, down from 9.97 million in February.
With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the bank failures will reverberate.
The personal consumption expenditures price index excluding food and energy increased 0.3% for the month.
Euro zone GDP rose slightly in the first three months of the year, but its biggest economy stagnated.