The U.S. economy continued full steam ahead in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, the Labor Department said Friday.
The jobs growth number easily beat Wall Street expectations of 190,000. The unemployment rate also bested a 3.8% expectation.
- Lowest overall unemployment rate since 1969
- Lowest ever unemployment rate for Hispanics
- Lowest unemployment rate for women since 1953
- Lowest unemployment rate for workers without bachelor’s degrees in 19 years
- Average hourly earnings hit $27.77
- Average work week dropped to 34.4 hours
🔦 The American economy is booming, and showing no sign of slowing down.