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| Economy |
| April 2024 Labor Report shows some economic slowdown |
| 2024-05-03 |
| [BLS] Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. Also, the employment gain for March was revised downward a bit and the average work week decreased somewhat. The average wage gain slightly is lagging recent inflation. As has been the case for the past few years, much of the employment gains are due to immigrants joining the labor force but that is because the native labor force has been decreasing as the boomers retire. |
| Posted by:Lord Garth |