The unemployment rate in the United States fell in April to the lowest level in nearly a half-century while the economy added more than a quarter-million new jobs from March, the Bureau of Labor Statistics said in the monthly jobs report on Friday.
“The unemployment rate declined by 0.2 percentage point to 3.6 percent in April, the lowest rate since December 1969,” a press release summarising the report said.
Job growth from March to April exceeded estimates by many analysts, who had predicted gains of less than 200,000, according to published reports.