WASHINGTON (AP) ??? Hiring accelerated and pay rose at a solid pace in April, setting the stage for healthy U.S. economic growth to endure despite fears of a slowdown earlier this year.
Employers added 263,000 jobs, with the unemployment rate dropping to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the number of Americans who stopped looking for work. Average hourly pay rose 3.2% from 12 months earlier, matching March???s year-over-year increase.
Friday???s jobs report from the government showed that economic growth remains brisk enough to encourage strong hiring nearly a decade into the economy???s recovery from the Great Recession. The economic expansion, which has fueled 103 straight months of hiring, is set to become the longest in history in July.
Socialism, be gone.
Blithe Spirit 