But US consumers and businesses kept spending at a solid pace, according to government data released Thursday.

But US consumers and businesses kept spending at a solid pace, according to government data released Thursday.
The number of Americans collecting unemployment benefits is at near five-decade lows.
Experts say a series of monumental economic mistakes has led to acute unemployment and unethical recruitment in Zimbabwe
Still, the total number of Americans collecting unemployment benefits is at a 53-year low.
Jobless figures provide boost to Prime Minister Scott Morrison days out from a closely fought election.
The total number of Americans collecting benefits still remains at its lowest level in more than five decades.
Nonfarm payrolls increased 428,000 in April, matching the prior month, a Labor Department report showed on Friday.
The total number of people collecting unemployment benefits is still at its lowest level in more than 50 years.
The United States job market is on a red-hot streak.
Frustrated with the lack of good jobs, more than half of the 900 million Indians of working age no longer want one.
Initial claims for state jobless benefits declined 2,000 to a seasonally adjusted 184,000 for the week ended April 16.
Unemployment remains at a two-year low of 3.6 percent with a slight uptick in jobless claims in March.
The central bank’s survey of executives paints a picture of an economy still pressed to its limits.
All signs point to a very strong labour market with little need for the Fed’s super-easy monetary policy.