U.S. Economy Adds 263,000 Jobs in April
Friday, May 03, 2019
This gain comes after the economy added 196,000 jobs in the month of March, but just 33,000 jobs in February.
President Donald Trump celebrated the news by tweeting "jobs, jobs, jobs!."
Meanwhile, the unemployment rate fell to 3.6 percent from 3.8 percent.
That is the lowest since 1969, when it reached 3.5%.
Hourly Wages Stay at 3.2%
While job numbers increased and unemployment decreased, average hourly earn things remained at 3.2% over the year, according to the Department of Labor.
The monthly gain was 0.2% below the expected increase of 0.3%, bringing the average to $27.77.
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