Unemployment Fell To 3.6 Percent In April, Lowest It’s Been In 50 Years

MIAMI, FLORIDA - APRIL 05: Job hiring paperwork is seen on the desk as Betty Fernandez, from Macy's department store, speaks with a person about job openings during a job fair put on by Miami-Dade County and other sp... MIAMI, FLORIDA - APRIL 05: Job hiring paperwork is seen on the desk as Betty Fernandez, from Macy's department store, speaks with a person about job openings during a job fair put on by Miami-Dade County and other sponsors on April 05, 2019 in Miami, Florida. The job fair was being held as the Labor Department released its monthly hiring and unemployment figures for March which showed that 196,000 jobs were added last month, a rebound from the February report. (Photo by Joe Raedle/Getty Images) MORE LESS
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May 3, 2019 8:53 a.m.

The U.S. economy added 263,000 jobs in the month of April, dropping the unemployment rate to 3.6 percent, the Labor Department said on Friday.

That’s the lowest unemployment rate the U.S. has seen since 1969. For the past year, unemployments rates have been at or just below 4 percent.

The average hourly earnings rose six cents in April as well, to $27.77, adding to a five cent increase in the month of March.

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