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U.S. Payrolls Climb 164,000 as Jobless Rate Drops to 3.9%: Chart
The U.S. jobless rate drops to 3.9%, the lowest since December 2000.
04 May 2018, 06:59 PM IST
(Bloomberg) -- The U.S. economy added 164,000 jobs in April, after an upwardly revised 135,000 advance the prior month, Labor Department figures showed Friday. The jobless rate -- which held at 4.1 percent for six months -- fell to 3.9 percent, the lowest since December 2000. Meanwhile, average hourly earnings increased 0.1 percent from the prior month and 2.6 percent from a year earlier, both less than projected.
To contact the reporter on this story: Sophie Caronello in Washington at scaronello@bloomberg.net.
To contact the editor responsible for this story: Brendan Murray at brmurray@bloomberg.net.
©2018 Bloomberg L.P.
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