U.S. payrolls rebound to 164,000 gain; jobless rate hits 3.9%

THE U.S. JOBLESS RATE declined to 3.9 percent in April, the lowest since December 2000, after six months at 4.1 percent. BLOOMBERG FILE PHOTO/MARK KAUZLARICH
THE U.S. JOBLESS RATE declined to 3.9 percent in April, the lowest since December 2000, after six months at 4.1 percent. BLOOMBERG FILE PHOTO/MARK KAUZLARICH
NEW YORK - United States hiring rebounded in April and the unemployment rate dropped below 4 percent for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department figures showed Friday. The jobless rate fell to…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display