Unemployment Falls to 49-Year Low

An unexpectedly robust jobs report for April has provided fresh evidence that the U.S. economy is not slowing down. MarketWatch reports:
The U.S. created 263,000 new jobs in April to help drive the unemployment rate down to a 49-year low of 3.6%, the latest cue pointing to a rebound in the economy after a slow start in the new year.
The increase in hiring was concentrated at white-collar businesses, construction and health care. The only sector to suffer a big drawback was retail, whose employment fell for the third straight month.
The unemployment rate slipped to 3.6% from 3.8% in March, marking the lowest level since December 1969, the Labor Department said.
The increase in new jobs easily topped the 217,000 forecast of economists

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