Doom and Gloom on the Economy

CNBCThe unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, the BLS says.Economists surveyed by Reuters had expected payroll growth of 192,000 and the jobless rate to drop by one-tenth of a percent to 4.0 percent.
The closely watched average hourly earnings number rose by 4 cents, equating to a 2.6 percent annualized gain, a shade less than expected.

Notice how the unemployment rate "fell" to "an 18 year low"? This is an unemployment number; low is good. But it's written to sound negative. And payrolls rose by "just" 164,000, while hourly earnings (wages) rose by 4 cents (2.6%), "a shade less than expected".

This entry was published Mon May 28 10:03:32 CDT 2018 by TriggerFinger and last updated 2018-05-04 13:00:50.0. [Tweet]

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