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Wall Street to Your Street

Unemployment keeps dropping as hiring bounces back in April

The unemployment rate dropped to just 4.4% – the lowest in a decade – as U.S. employers added 211,000 new employees to their payrolls in April, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued May 5.

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Weak GDP growth figure obscures economic gains

The bad news is U.S. gross domestic product (GDP) growth slowed to an annualized rate of just 0.7% in the first quarter of 2017 – the lowest growth rate in three years – according to the advance estimate of the U.S. Department Commerce GDP report issued April 28.

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April market recap: Oil rebound fizzles as US production climbs

The oil industry has been spinning its wheels for the past several months. With oil prices stalled at around $50 a barrel (West Texas Intermediate), the energy sector of the S&P 500(R) has declined for four consecutive months through April. The sector is down 9.38% for 2017. That's a sharp contrast to the rest of the stock market this year, which has seen gains in nine of the other 10 sectors.

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The oil recovery with John Groton, Director of Equity Research

The oil industry has been through a bumpy recovery since hitting rock bottom in February 2016 when West Texas crude dropped to under $27 a barrel. But prices have nearly doubled since then and production in the U.S. has been steadily ramping up. In the video and transcript below, we hear from John Groton, Director of Equity Research for Thrivent Asset Management, on this very matter.

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