Market Watch
The economy generated a stronger than expected 263,000 new jobs in
April, helping to drive down the unemployment rate to a 49-year low of
3.6%. The increase in new jobs easily topped the 217,000 MarketWatch
forecast. The jobless rate slid from 3.8% in March to hit the lowest
level since December 1969. The average wage paid to American workers
rose 6 cents, or 0.2%, to $27.77 an hour.
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