April Job Gains Up, Unemployment at Historic Low
BLS: US Economy Adds 263,000 Jobs in April While Unemployment Hits 50-Year Low
The U.S. economy added 263,000 jobs in April while unemployment fell to 3.6 percent, according to preliminary numbers released by the Bureau of Labor and Statistics’ Economic Situation report released on Friday. Notable job gains occurred in professional and business services, construction, health care, and social assistance.
Job growth was higher than analysts expected and higher than the monthly average of 213,000 over the past 12 months.
April’s unemployment decreased by 0.2 percentage point to 3.6 per cent, the lowest rate in 50 years, since December 1969. The number of unemployed persons decreased by 387,000 to 5.8 million.
April’s average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.77, up 3.2 percent over last year. The average workweek dropped by 0.1 hours to 34.4 hours.
Total nonfarm payroll employment for February and March were revised from 33,000 to 56,000 and 196,000 to 189,000, respectively. With these revisions, employment gains in February and March were 16,000 more than previously reported.
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