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‘Boom!’ Economists hail strong jobs report as jobless rate dips to Vietnam draft-era low
Here’s what economists are saying about the April employment data, showing a stronger-than-expected 263,000 new jobs created and the unemployment rate dropping to 3.6%. U.S. stocks DJIA, +0.61% looked set for a stronger start. • Carl Tannenbaum of Northern Trust said it looked like a “goldilocks” performance, with strong payroll growth but modest year-over-year wage gains. • “The details of the report weren’t quite so encouraging, with the decline in the unemployment rate driven largely by a fall in the labor force within the household survey, meanwhile on the establishment survey a slight tick down in ... (full story)