New job creation in April surges ahead of expectations, unemployment rate falls to 49-year low – AOL Finance

The U.S. labor market charged ahead in April.The economy added 263,000 non-farm payrolls for the month, the Bureau of Labor Statistics reported Friday. This topped expectations for 190,000 new positions, according to consensus estimates compiled by Bloomberg. March’s payroll additions were downwardly revised to 189,000, from 196,000 previously.The unemployment rate fell to 3.6% for the month, the lowest level since December 1969. Consensus economists had anticipated that unemployment would hold at March’s 3.8% rate.

Source: New job creation in April surges ahead of expectations, unemployment rate falls to 49-year low – AOL Finance

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