Unemployment falls to 3.9 percent

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  • The U.S. unemployment rate fell to 3.9 percent in April, the lowest since December 2000.
  • The economy also added 164,000 jobs , the Labor Department reported Friday, up from 135,000 in March.
  • Average hourly private-sector earnings were up 2.6 percent over the previous year, the same as in March.

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Analysts surveyed by Bloomberg had predicted the creation of 190,000 jobs, an increase in over-the-year hourly earnings of 2.7 percent, and an unemployment rate down slightly at 4 percent.

Source: Politico

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