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Economy adds strong 211,000 jobs, unemployment at 10-year low – USA Today

May 05
15:11 2017

The labor market bounced back in April amid milder weather as employers added 211,000 jobs, providing evidence that weakness the prior month was a blip that likely won’t keep the Federal Reserve from raising interest rates in June.

The unemployment rate, which is calculated from a different survey, fell from 4.5% to 4.4%, a new 10-year low, the Labor Department said Friday.

Economists expected 190,000 job gains, according to the median estimate of a Bloomberg survey.

Businesses added  94,000 jobs. Federal, state and local governments added 17,000.

Job gains for February and March were revised down by 6,000. February’s was revised to 232,000 from 219,000, and March was even weaker than believed after a downgrade to 79,000 from 98,000.

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