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Economy added surprisingly strong 263,000 jobs in April; wage gains, labor participation are red flags

The U.S. economy added 263,000 jobs in April. (The March jobs number was revised downward.) The gains for April exceeded all estimates from economists surveyed by Bloomberg. The official unemployment rate fell to 3.6%. In March the Federal Reserve had forecast that unemployment would falll to 3.7% by the end of 2019. There were a […]

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