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US jobless rate increases: Falling employment, stagnant wages fuel US corporate profits
Non-farm employment in the US rose by only 88,000 jobs in April, far lower than the 110,000 jobs expected by economists and the slowest rate in more than two years, according to a Labor Department report released Friday. The official jobless rate rose by 0.1 percent to 4.5 percent last month and would have been even higher if more than 339,000 workers had not fallen out of the job market in April due to the lack of decent employment opportunities.
Non-farm employment in the US rose by only 88,000 jobs in April, far lower than the 110,000 jobs expected by economists and the slowest rate in more than two years, according to a Labor Department report released Friday. The official jobless rate rose by 0.1 percent to 4.5 percent last month and would have been even higher if more than 339,000 workers had not fallen out of the job market in April due to the lack of decent employment opportunities.
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