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The U.S. Bureau of Labor Statistics published the U.S. labour market data today. The U.S. inflation rate dropped to 6.3% in April from 6.7% in March. It is the lowest level in more than 5 years. Analysts forecasted the decrease to 6.6%.
288,000 new nonfarm jobs were created in April, the biggest growth in one month since the start of 2012. March’s figure was revised up to 203,000 from 192,000. The projected figure was an increase of 211,000.
Hiring was broad-based. These figures showed that the U.S. economy is improving. Despite the better-than-expected figures, some problems remained. The unemployment rates for teenagers (19.1%), black people (11.6%) and Hispanics (7.3%) are high but decreased slightly in April.