https://www.msn.com/en-us/money/mark...cid=spartandhp
Unemployment hits a nearly 50-year low as job gains surge
Hiring was strong for the second straight month in April and unemployment fell to a nearly 50-year low, easing concerns that a slowing global and U.S. economy could dampen hiring.
Employers added a booming 263,000 jobs, the Labor Department said Friday. The unemployment rate fell from 3.8% to 3.6%, lowest since December 1969, but that was because nearly 500,000 Americans left the labor force, which includes people working and looking for jobs.
Economists had estimated that 190,000 jobs were added last month, according to a Bloomberg survey.
Another positive: Job gains for February and March were revised up by a modest 16,000. February’s total was upgraded from 33,000 to 56,000 and March’s was revised down from 196,000 to 189,000.
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