“The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969”
The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969
The U.S. economy created 263,000 jobs in April and the unemployment rate dropped to 3.6 percent, the Labor Department said Friday.
That far exceeded the 180,000 estimated by economists surveyed by Econoday and follows a better than expected surge in April. Economists had expected the unemployment rate to hold steady at 3.8 percent.
Unemployment is at the lowest level since December 1969 when it hit 3.5 percent.
