According to the Labor Department, the American economy added 263,000 jobs in April, driving the unemployment rate 3.6%, the lowest level since December 1969. The Wall Street Journal reports on this economic progress:
The jobs report was largely better than expected. Economists surveyed by The Wall Street Journal had projected a slower pace of hiring and for the unemployment rate to hold steady at 3.8%. Job growth in the prior two months also was better than previously reported.
The long jobs expansion is increasingly reaching Americans at the margins. Wage gains have strengthened in recent years, especially for workers earning the smallest paychecks, and unemployment has fallen for those who have historically struggled, including people with lower levels of education.
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