263,000 Jobs added in April, Lowest Unemployment Rate Since 1969

Total nonfarm payroll employment grew by 263,000 in April, an increase from last month, according to the Bureau of Labor Statistics. The national unemployment rate fell from 3.8 percent to 3.6 percent, the lowest rate since 1969.

Private service-providing industries gained 202,000 jobs, led by education and health services, which added 62,000 jobs.

Goods-producing employment rose by 34,000 jobs during the month, as gains in construction led by adding 33,000 jobs.

The civilian labor force participation rate ticked down to 62.8 percent.

Average hourly earnings rose by 6 cents, settling at $27.77. Over the past year, average hourly earnings have risen by 86 cents, or 3.2%.

Read the BLS release.

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About Author

Hugo Dante

Hugo Dante is a research associate in the Economic Policy and Research group at the ABA.