US stock indexes dip following solid April jobs report

The unemployment rate in the world’s largest economy fell to the lowest level in 10 years due to a strong rebound in job creation in April, the U.S. Labor Department reported Friday.

After a slow March, when hiring likely was held down by a winter storm, the U.S. economic engine added an estimated 211,000 net new positions while the jobless rate fell a tenth to 4.4 percent, the lowest since May 2007 .

Wages continued to climb in April, with average hourly earnings rising nearly 0.3 percent for the month to $26.19, which is 2.5 percent higher than the same month last year.

The mining sector gained 9,000 new jobs, having added 44,000 since October.

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Article source: http://www.dailystar.com.lb//Business/International/2017/May-05/404636-us-unemployment-falls-to-10-year-low-in-april.ashx