U.S. hourly wages up 0.5% in April; economist forecast called for 0.3% rise


The numbers: The U.S. created a stronger-than-expected 253,000 new jobs in April and wages rose sharply, indicating there’s still lot of demand for labor even as the economy slows.

The increase surpassed the 180,000 forecast of economists polled by The Wall Street Journal.

The unemployment rate, what’s more, fell a tick to 3.4% from 3.5%,…

This article was originally published by Marketwatch.com. Read the original article here.

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