May 16 (Bloomberg) – Payrolls climbed in 39 states and the District of Columbia in April and the unemployment rate fell in 43 states, showing the labor market was strengthening.
Texas led the nation with a 64,100 increase in payrolls, followed by California with 56,100 more jobs, figures from the Labor Department showed today in Washington. The jobless rate rose in two states.
Growth in the labor market is giving households the means to spend after a slow first quarter weighed on the economy. The data support the Federal Reserve's plan to keep scaling back its unprecedented stimulus program at a measured rate while maintaining an accommodative stance.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
