Boom: Blockbuster April Jobs Report Shocks Experts

Economic forecasters were surprised when 2019’s first quarter GDP growth clip surpassed expectations, hitting 3.2 percent in a report published late last month. Would the April jobs numbers put a damper on things by underwhelming the markets? Or might it achieve or even surpass the consensus estimate of 185,000 new jobs? This is a very big win for the US economy and workforce — and it comes, as they so often say, “unexpectedly:”

Women weren’t the only beneficiaries of this very strong performance:

The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force fell to a record low of 4.2% in April, U.S. Bureau of Labor Statistics (BLS) data released Friday show. In April, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.2%, down from 4.7% in March – breaking the record low of 4.3% set two months earlier in February. BLS began tracking Hispanic-Latino employment data in 1973.

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