as Unemployment Rate Remains Historically Low
- Job growth was slower but still solid in April at 175,000, with almost all of the growth coming from the private sector.
- The unemployment rate rose slightly to 3.9% and has been below 4% for more than two years.
- Wage growth slowed in April and was below 4% for the first time in more than three years.
- The April jobs report supports fed funds rate cuts later this year.