The unemployment rate in the U.S. in April — the lowest in the last 10 years

The unemployment rate in the U.S. in April — the lowest in the last 10 years

In April this year in the U.S. there were 211 000 jobs, and, therefore, experts say, the economic downturn observed in the first quarter 2017, still is a temporary phenomenon.

The unemployment rate In the U.S. fell to 4.4 percent. This is the lowest unemployment rate over the last decade.

The numbers indicate that businesses expect a revival in consumer demand after the «dim» of the first quarter, when the Americans dramatically cut their costs. Problems added inflation. But soon the business will need a new «working hands» and the unemployment rate will continue to fall.

However, average wages in April grew slower than in other previous months. The average salary in the U.S. rose last year by 2.5 percent.

A characteristic feature of new trends in employment is that more people involved in the production and technological sectors (including online services, web design, etc.) and less in retail trade. Retail stores such as Sears and Macy’s, are cutting jobs in the face of severe competition from Amazon.com and other e-Commerce companies. It has turned retail into an unprofitable industry. Many traditional retailers accelerated to create their own online stores and expanding their warehouse and logistics Department.

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