http://ktla.com/2018/05/04/unemployment-is-below-4-percent-for-first-time-since-2000/
https://archive.fo/9jS5s
https://archive.fo/9jS5s
The unemployment rate has dipped below 4% for the first time since 2000.
The United States added 164,000 jobs in April, the Labor Department reported Friday. That was slightly below what economists expected. Unemployment dropped to 3.9%, the lowest since December 2000.
Wages grew 2.6% from a year earlier. That was also slightly below expectations.
The report indicates another month of solid job growth for an economy that has been expanding for almost nine years — the second-longest streak on record.
Inflation is closing in on the Federal Reserve’s 2% target, gasoline is heading toward $3 a gallon, and companies are reporting cost pressures. Faster inflation could force the Federal Reserve to raise interest rates more quickly than planned.
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