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Unexpected rebound in US Labor market. Positive news for unemployed.

The US Labor Department reported on Friday an increase in jobs by 253,000 in April.  Economists predicted 180,000 jobs, so the new job report was a positive surprise.  ​Forbes reported,  "The unemployment rate, meanwhile, ticked down to 3.4% from 3.5% in March—matching a 54-year low hit in January and defying projections it would tick up to 3.6%. 

​Wage growth also came in stronger than forecast, coming in at 4.4% year over year, versus projections of 4.2%, as hourly earnings rose 16 cents to $33.36."


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