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Unemployment rate falls to lowest level since December 1969

Unemployment rate falls to lowest level since December 1969
Posted at 7:53 AM, May 03, 2019
and last updated 2019-05-03 09:54:06-04

The US economy added 263,000 jobs in April, another surprisingly strong month of hiring.

The unemployment rate fell to 3.6%, the lowest level since December 1969.

Indications of strength of the labor market could be found throughout the report. The average hourly wage was up 3.2% compared to a year ago, well above the 1.9% rise in prices.