Unemployment Rate Hits Lowest Point in 49 Years

U.S. hiring topped forecasts

The economic expansion is months away from breaking the record for the longest in USA history as the economy continues to add jobs despite a labor market close to saturation: The drop in the unemployment rate was aided by the exit of 490,000 workers from the labor force, bringing the labor-force-participation rate down to 62.8 percent.

Trump also tweeted a Breitbart story, "The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969".

"Unemployment was last this low in December 1969 when it hit 3.5%".

Baltimore Mayor Resigns After FBI Raid, Scandal Over Children’s Books
The slim illustrated books, sharing tips on nutrition and exercise, were meant to be distributed to schools and daycares. Despite all these deals, Pugh's printer had only put out 60,000 copies of her books and didn't have any orders for more.

The business and professional services sector alone added 76,000 jobs, with strong hiring in computer systems design, temporary help services and building and dwelling services like pest extermination, landscaping and housekeeping.

No April showers reported in Friday's job report. The sector added just 4,000 jobs last month versus March's zero growth and February's 8,000 gain.

The non-farm payroll growth beat Wall Street expectations of 190,000 jobs and a jobless rate of 3.8 percent. A tightening labor market should pressure employers to increase wages but until recently workers have not seen their pay rise.

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