Andrew Chamberlain and Unemployment Rate

labor force participation rate: Andrew Chamberlain, chief economist at Glassdoor Wages also showed growth, rising eight cents an hour, equating to an annualized increase of 2.3%. Economists had been expecting a gain of 225,000 positions and the unemployment rate holding steady at 5.4%. Today report showed the U.S. labor market has tremendous momentum, according to MSNBC. All those factors that parked a weak jobs number in March were short-term, said Andrew Chamberlain, chief economist at job search site Glassdoor. The headline unemployment rate, however, increased slightly to 5.5% as the labor force participation rate ticked higher to 62.9%. A separate measure that counts those working part-time for economic reasons and the unemployed who have not looked for work in the past month held steady at 10.8%. Today report showed the U.S. labor market has tremendous momentum. All those factors are looking more like a late-winter sniffle than a lingering illness. * Jobless claims dip 8k, remain low* The jobs numbers are critical in that they will go a long way toward determining policy from the Federal Reserve. Stock futures also indicated a lower open for Wall Street, though the move in the equity market was far less pronounced than in bonds. The hot jobs report sent U.S. government bond yields surging as the wage increase indicates inflation is pushing towards the Fed target. (news.financializer.com). As reported in the news.