211,000 people found new jobs in April as hiring rebounded from a shakey showing in early spring, offering fresh evidence the U.S. economy is still growing at healthy clip and providing fuel for the Federal Reserve to raise interest rates soon. The unemployment rate, meanwhile, dipped to 4.4% from 4.5% to set a post-recession low. The last time the rate was so low was in May 2007, shortly before the onset of the Great Recession.
Berkshire Hathaway’s annual meeting started today, and shares in Buffett’s conglomerate closed Thursday at a price of $249,540 each.
Oil,and copper prices dropped this week. Oil’s drop may boost the chances for an OPEC deal to extend output cuts. American producers also might become less active, and the inventory picture could end up being “much more constructive.”
Serving the West Side first, I am Mike Elerath of BR Capital for 1360 KUIK.
